Multifamily Property For Sale - Whitehouse Mobile Home Park

465 Canton, Akron, OH, 44312

 
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Multifamily For Sale
Akron, OH
Ohio

Whitehouse Mobile Home Park

 

465 Canton

Akron, Ohio 44312
County: Summit
 
   Photos
Image 1 of 1
 
 
  For Sale Active  
Type:Multifamily
Mobile Home/RV Community
No. Spaces:49
Lot Size:114,563 SF
Occupancy:97.00%
Price:N/A
Price/Space:N/A
Cap Rate:10.00%
Year Built:1970
Date Last
Verified:		12/8/2008
Property ID:15114038
 
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 Additional Information 

Property Description:
REDUCED!--Seller financing!--Quick close for 1031 buyer!--Excellent Ellet neighborhood near shopping,freeway,bus lines,library and new Walgreen's.City water/sewer and utilities seperately metered.Additional land for expansion or 4plex included in price.Great property for absentee owner.

Location Description:
Canton Rd near 76 freeway

Commission Split:3%
 Highlights 
•Great Ellet neighborhood•Gas/electric seperately metered by util co.
 
•Mostly senior tenants•Seller financing available
 
•City water/sewer•2% commission to buyers agent
  Financial Summary Proforma  
Year:2007
Scheduled Gross Income:$153,160
Effective Gross Income:$135,000
Operating Expenses:$37,130
Net Operating Income:$97,870
Pre-Tax Cash Flow:$43,980
 
  Space Mix Information
mh spaces
No. Spaces: 47
Avg. Mo. Rent: $240
 
apts
No. Spaces: 2
Avg. Mo. Rent: $650
 
mh rental
No. Spaces: 1
Avg. Mo. Rent: $500
 
 
  Debt & Equity Information
Debt Type:Proposed
Loan Amount:$675,000
Interest Rate:7.00%
Amortized Over:30
Due In:5
Annual Debt Service:$53,890
Down Payment:$300,000
 
Loan Description:
Bank loan or seller financing with 30% down
4/29/2007


The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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