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5255 State Rd
Ashtabula, OH 44004
Crestlawn Village MHP · Land For Sale
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10.00 AC
Property Facts
| Property Type | Land | Total Lot Size | 10.00 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Manufactured Homes or Mobile Home Park | ||
| Zoning | R - Residential | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Manufactured Homes or Mobile Home Park |
| Total Lot Size | 10.00 AC |
| No. Stories | 1 |
| Zoning | R - Residential |
Description
SIZE AND LAYOUT - Spanning over 10 acres, Crestlawn Village boasts a total of 90 lots and 100 rentals including the duplexes that contribute to the rental portfolio. DIVERSE RENTAL PORTFOLIO - The community comprises 80 Park-Owned Homes (POHs) along with 10 Tenant-Owned Homes (TOHs), with plans to acquire additional TOHs. Additionally, there are 5 duplexes contributing to the rental units, offering a diverse mix of housing options for tenants. TENANT RESPONSIBILITY FOR UTILITIES - Each tenant is responsible for their own electric and gas bills. Utilities for the duplexes are included in the rent. This arrangement ensures a streamlined approach to utility billing. EFFICIENT WATER BILLING - Water usage is billed back through submeters, allowing for fair and accurate billing. The park has a centralized water line and a smart system in place that automatically reads usage, enabling individualized billing for each tenant. CITY UTILITIES - The park is connected to city water and sewer systems, providing convenient and reliable services to the residents. RENT STRUCTURE - Lot rents for TOHs are set at an attractive rate of $270, providing affordable housing options within the community as well as some room being below mkt. - For POHs, rental rates vary based on factors such as size, amenities, and additional features like decks and sheds, ranging from $625 to $795. PROPERTY OWNERSHIP - All POHs within the community are owned free and clear, offering stability and financial security in ownership.
Property Taxes
| Parcel Number | 030160002600 | Improvements Assessment | $186,970 |
| Land Assessment | $74,870 | Total Assessment | $261,840 |
Property Taxes
