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Olympia Park 500 W Ervin Rd

57 Unit Mobile Home Park $3,057,300 CAD ($53,637 CAD/Unit) Van Wert, OH 45891

Executive Summary

Price $2 150 000

Attachments

OLYMPIC PARK RENT ROLL

Property Facts

Price $3,057,300 CAD
Price Per Unit $53,637 CAD
Sale Type Investment
Sale Conditions Business Value Included
No. Units 57
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class C
Lot Size 6.00 AC
Building Size 261,360 SF
Average Occupancy 100%
No. Stories 1
Year Built 1980
Parking Ratio 0.44/1,000 SF

About 500 W Ervin Rd , Van Wert, OH 45891

Olympic Park is a 55 lot all age community in the city center of Van Wert, Ohio situated on approximately 6 acres. The park is 100% occupied and stabilized with unit breakdowns as follows: 32 Tenant Owned Homes 15 Rent To Own (appx 4 years left on each) 7 Park Owned Homes 1 Empty Lot The park grosses an average of about 22,000/month and is professionally managed by a local office. All utilities are direct bill except water. Park pays for water at appx $2400/month. Tenants are all long term with a turnover of only 2 tenants a year on average. Most recent rent roll attached. For more info Contact Roman Lytvyn at uslegalcoordinator@gmail.com or by phone +1 786-321-3777 Price $2 150 000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-027496.0000
Land Assessment
$16,097 CAD
Improvements Assessment
$11,006 CAD
Total Assessment
$27,103 CAD
  • Listing ID: 33750222

  • Date on Market: 2024-11-04

  • Last Updated:

  • Address: 500 W Ervin Rd, Van Wert, OH 45891

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