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140 Thomas Rd S
Tallmadge, OH 44278
Gaslight Village · Multifamily Property For Sale
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
Property Facts
| No. Units | 104 | Lot Size | 8.00 AC |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1970 |
| Building Class | C | ||
| Zoning | I-1 - City of Tallmadge | ||
| No. Units | 104 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 8.00 AC |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | I-1 - City of Tallmadge |
Property Taxes
| Parcel Numbers | Improvements Assessment | $139,868 | |
| Land Assessment | $283,067 | Total Assessment | $422,935 |
Property Taxes
Parcel Numbers
Land Assessment
$283,067
Improvements Assessment
$139,868
Total Assessment
$422,935
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