Ohio 26-Site Mobile Home Park – Lot Rent Growth
Description
26-site MHC with 94% occupancy. Lot rents 15% below market. Planned rent increases and utility sub-metering to drive NOI. Experienced MHC operator with 10+ parks.
Metrics
- CoCR
- 9.5%
- Target IRR
- 16%
- Hold period
- 7–10 years
- Tax depreciation
- 0.6-0.87x
Sponsor
WAREI WA Real Estate
Washington
WAREI focuses on mobile home parks and RV parks across the Sun Belt, with a track record in lot rent growth and operational value-add.
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