4044 Evaline St SE Warren, OH 44484

Listing Agency: Other Street Advisors

Listed By: Enon Winkler · License #FL BK3055134

Source: Crexi

Added: Apr 12 Changed: Jul 23 Last Checked: Jul 24 at 5:32AM

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Investment Insights

Based on property information with market context.

This three-park mobile home portfolio totals 512 sites across the Youngstown-Warren and Akron MSAs. The portfolio includes 203 occupied tenant-owned homes with an average lot rent of $314 per month, plus 9 rent-to-own homes with an average payment of $432 per month. There are also 96 park-owned homes: 15 are occupied with an average home rent of $369 per month, 19 are vacant and need rehab, and 62 are scheduled for demolition. In addition, the portfolio includes five apartments, with one rented for $500 per month and four currently vacant. There are 22 abandoned tenant-owned homes and 177 vacant lots.

Seller financing is available for up to $2,000,000 of the purchase price with flexible terms. The stated community investment approach includes aligning rents to market rate, infilling vacant lots, and turning over remaining park-owned homes, with the goal of increasing net operating income to $1,332,158 by year three.

Key Highlights

• Three mobile home parks portfolio with 512 sites in the Youngstown‑Warren and Akron MSAs
• 203 occupied tenant‑owned homes with average lot rent of $314/M, plus 9 rent‑to‑own homes with average RTO payment of $432/M
• 96 park‑owned homes: 15 occupied (avg home rent $369/M), 19 vacant needing rehab, and 62 to be demolished

Property Analytics

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FAQs

What type of property is this?

Mobile home & RV park - Three mobile home parks with 512 sites, including occupied tenant-owned homes, rent-to-own units, vacant lots, and apartments.

Where is this mobile home & rv park located?

The property is located at 4044 Evaline St SE Warren, OH.

What are key features of this property?

This property features: Three mobile home parks portfolio with 512 sites in the Youngstown‑Warren and Akron MSAs; 203 occupied tenant‑owned homes with average lot rent of $314/M, plus 9 rent‑to‑own homes with average RTO payment of $432/M; 96 park‑owned homes: 15 occupied (avg home rent $369/M), 19 vacant needing rehab, and 62 to be demolished