Cap Rate
9.08%
Price Per Unit
$38,250
Units
41
Year Built
1977
Property Type
Manufactured Housing
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity – Sitting on ±56.81 AC, this opportunity offers the potential for a expansion program to add ±50 spots to the already existing 40, significantly increasing returns.
- Minimal Management – The vast majority of the homes are tenant owned meaning less repairs falls on the owner.
- Strategic Position for an Mobile Home Park – Leetonia lies within reasonable commuting distance to larger metropolitan areas such as Youngstown, Canton, and Pittsburgh and has access to local retailers off State Route 558.
Broker of Record
- Kyle Matthews
- License No. REC.2022007141 (OH)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 950 Main Ave.,
Suite 510, Cleveland, OH 44113