I am a fellow park owner and sales agent looking for some feedback (and possible interest) on the following community recently put on the market (that I have been requested to help find a buyer for). Basic details…
Under-performing community near metro Columbus OH that currently consists of 34 units at $325/month. No utility bill back currently. 33 additional lots developed for homes but currently vacant. Licensed for 96 total lots. Poor management has led to this park’s decline. A nearly fully occupied community is right next door to this one. Located near exploding suburb (Grove City).
20 acres, 15 zoned multi-family, 5 commercial. New interstate interchange 4 miles away with huge hospital expansion being constructed.
County sewer with new county built sewer lift station. Currently private water, but public water supply about 1 mile away.
Owners seeking offers vs establishing an asking price as they want to see what the market bears and look at this as not only a possible MHP sale, but a development opportunity as well.
I am interested in getting opinions from the forum participates on estimated value and would love to speak with anyone that thinks they may have interest and want more information.