2730 E Main Street Springfield, OH 45503

Listing agency Real Estate II, Inc. O***@RealEstateII.com Show Phone

Listed by Russel Williamson Show Phone

Added: Mar 26 Updated: Jun 8 at 4:36PM Checked: Jul 22 at 4:06PM

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MLS# 1044531

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Investment Insights

Based on property information with market context.

Located on East Main Street in Springfield, this mobile home community features 24 sites. The property operates at a 96% economic occupancy rate, with 23 of the 24 sites physically occupied. The average lot rent is $415.00, generating a gross income of $112,190 under the current rent roll. The net operating income is currently $47,275. The expense ratio is 58% based on current operations. The property is situated on a 7.07-acre lot.

Key Highlights

• High Economic Occupancy: 96% economic occupancy indicates strong demand.
• Established Income Stream: Gross annual rent roll of $112,190 provides a solid revenue foundation.
• Net Operating Income: Current NOI of $47,275 demonstrates profitability.

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FAQs

What type of property is this?

Land - 24-site mobile home community with high occupancy and income potential.

Where is this land located?

The property is located at 2730 E Main Street Springfield, OH.

What is the asking price?

The asking price for this property is $735,000.

What are key features of this property?

This property features: High Economic Occupancy: 96% economic occupancy indicates strong demand.; Established Income Stream: Gross annual rent roll of $112,190 provides a solid revenue foundation.; Net Operating Income: Current NOI of $47,275 demonstrates profitability.