400 Perry St Hicksville, OH 43526

Property Details for 400 Perry St

Year built

1975

Lot size

6.50 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a well-established mobile home park situated on a spacious 6.5-acre lot in Hicksville, Ohio. Conveniently located adjacent to the Defiance County Fairgrounds, this property boasts 29 total mobile home spaces, with 12 currently occupied. The current lot rent is $350 per month, with tenants responsible for water, sewer, and electricity costs. Trash removal is currently covered by the owner. Adding to the income stream, three of the mobile homes are owner-occupied, generating over $600 in monthly rental income. This translates to a significant existing cash flow with substantial upside potential. The property offers a unique opportunity for an investor seeking a strong return on investment in a well-located, established business. The large acreage provides ample room for expansion and future development, allowing for increased rental income and potential for additional units. This is a turnkey operation with established infrastructure and a proven track record. The property's proximity to the Defiance County Fairgrounds provides additional visibility and potential for increased occupancy. This is an ideal investment for those seeking a stable, cash-flowing asset with significant growth potential. The current occupancy rate presents a clear opportunity to increase revenue through strategic marketing and leasing efforts. The existing infrastructure is in place, minimizing initial capital expenditures. This property is priced to sell at $700,000.

Location Insight

City

Hicksville

County

Defiance

State

Ohio

Longitude

-84.7567

Latitude

41.2922