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Gaslight Village 140 Thomas Rd S 104 Unit Mobile Home Park For Sale Tallmadge, OH 44278
Investment Highlights
- 5 apartment units providing additional income potential
- Over 70% vacancy supports a full repositioning and value creation strategy
- Below-market lot rents with upside as occupancy increases
- Approximately 28% occupancy (30 occupied MH sites), offering a significant lease-up opportunity
- 27 vacant pads with no structures allow for immediate infill
- Currently recovering only 30% to 35% of utility expenses, presenting significant NOI upside through reimbursement restructuring
Executive Summary
104 -Site mobile home park located in Tallmadge, OH (Akron suburb). Strong demand for affordable housing in the Akron MSA, supported by a stable suburban location with access to employment, retail, and healthcare. Workforce-oriented demographics supported by ±120,000 residents within a 5-mile radius and average household incomes exceeding $80,000.
Property Facts
| Sale Type | Investment | Lot Size | 7.62 AC |
| No. Units | 104 | Building Size | 331,927 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1970 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 104 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 7.62 AC |
| Building Size | 331,927 SF |
| No. Stories | 1 |
| Year Built | 1970 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $105,802 | |
| Land Assessment | $306,500 | Total Assessment | $412,302 |
Property Taxes
Parcel Numbers
Land Assessment
$306,500
Improvements Assessment
$105,802
Total Assessment
$412,302
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Gaslight Village | 140 Thomas Rd S
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