For Sale
For Sale
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Overview
Crestview
Estates is a well maintained and established mobile home park (MHP) in the
southwest Ohio community of Sardinia. 33.45 acres total. The property has a
strong operating history, boasts low overhead & strong cash flow, and is
ideally positioned for future expansion and growth. Approved for 88 lots, the
property consists of 27 improved lots (27 homes | 13 park-owned & 14
tenant-owned). Amenities include wide asphalt streets, rolled concrete curbing,
concrete parking pads (2 spaces per lot), level topography, adequate on-site
detention, and a heavily wooded perimeter provides a park-like setting.Investment
Upside Potential
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Expansion to 88 lots from current 27 improved lot count
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Push rents for both Park-owned and Tenant-owned home sites
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Continued revenue growth via financing and lease-to-own programs with
tenants as part of park expansion
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Improved collections through active management
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Expansion space for camp ground site & additional income stream for
camper site rentalsOperational
Highlights
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High demand and favorable age & income demographic profile for MHP
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Resident manager lives on site | No manager salary (free rent)
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Ample space for addition of camper site and/or recreation/green space
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Highly visible and well-maintained site
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Direct expense pass-thru for all utilities, including city-served
water/sewer, electric, and trash collection-
Included in Asking Price: 13 Park-Owned homes & 13 Seller notes for
financed homes (to be assigned to Buyer at Closing)
Property Details
Crestview
Estates is a well maintained and established mobile home park (MHP) in the
southwest Ohio community of Sardinia. 33.45 acres total. The property has a
strong operating history, boasts low overhead & strong cash flow, and is
ideally positioned for future expansion and growth. Approved for 88 lots, the
property consists of 27 improved lots (27 homes | 13 park-owned & 14
tenant-owned). Amenities include wide asphalt streets, rolled concrete curbing,
concrete parking pads (2 spaces per lot), level topography, adequate on-site
detention, and a heavily wooded perimeter provides a park-like setting.
Investment
Upside Potential
-
Expansion to 88 lots from current 27 improved lot count
-
Push rents for both Park-owned and Tenant-owned home sites
-
Continued revenue growth via financing and lease-to-own programs with
tenants as part of park expansion
-
Improved collections through active management
-
Expansion space for camp ground site & additional income stream for
camper site rentals
Operational
Highlights
-
High demand and favorable age & income demographic profile for MHP
-
Resident manager lives on site | No manager salary (free rent)
-
Ample space for addition of camper site and/or recreation/green space
-
Highly visible and well-maintained site
-
Direct expense pass-thru for all utilities, including city-served
water/sewer, electric, and trash collection
-
Included in Asking Price: 13 Park-Owned homes & 13 Seller notes for
financed homes (to be assigned to Buyer at Closing)
- Property TypeOffice
- Sale Price$850,000
- Total Acres33.45
- Property ID1926695