3543 Needmore RdDayton, OH 45414

For Sale
Call for price

660-site Ohio mobile home park portfolio

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a stabilized portfolio of three mobile home parks in Dayton, Ohio, totaling 660 sites with 96% occupancy as of July 31, 2024. The Dayton-Canton MHC Portfolio comprises Sunny Acres MHP, Woods MHP, and Beth MHP, each showcasing attractive curb appeal with beautifully landscaped grounds and well-maintained amenities. A significant advantage is the low percentage of park-owned homes (only 6%), with most existing homes being 2020 or newer, minimizing costly repair expenses. Currently operating with below-market rents, this portfolio offers substantial upside potential. Furthermore, a compelling expansion opportunity exists to add up to 124 additional sites, significantly increasing rental income. Filling just half of these potential sites at current lot rents could boost annual income by over $390,000. The portfolio benefits from public utilities, making it a turnkey investment ready for immediate returns. Located at 3543 Needmore Rd, Dayton, OH 45414, in Montgomery County, this property presents a rare chance to acquire a high-performing, expandable mobile home park portfolio in a desirable Ohio market.

Highlights

  • 1.) Stabilized portfolio of three mobile home parks in Dayton, OH, with 660 sites and 96% occupancy (as of July 31, 2024).
  • 2.) Only 6% park-owned homes; most resident-owned homes are 2020 or newer.
  • 3.) Below-market rents offer significant upside potential.
  • 4.) Attractive landscaping and well-maintained amenities.
  • 5.) Expansion opportunity for up to 124 additional sites.
  • 6.) Public utilities.

Property Details for 3543 Needmore Rd

Property type
Multifamily properties, Mobile home & RV parks
Units
660

Location Insight

City
Dayton
County
Montgomery
State
Ohio
Latitude
39.8223964
Longitude
-84.1613195
3543 Needmore Rd, Dayton, Ohio

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3543 Needmore Rd
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