1015 N Main Street

Description

Buckeye Trailer Park in Marion, Ohio is a 1.75-acre, zoned mobile home park built in 1950 and, per county records, renovated in 2007. The property is not in a flood zone. The current owner-who has held the asset for almost four years-operates without an onsite manager, though a maintenance person is in place and is believed to be a good managerial candidate. The community contains 32 pads the owner estimates at approximately 60' x 20'. There are currently three occupied pads plus a nice single-family residence on site. Some vacant trailers are present, but no trailers need to be removed, none are believed to be held for back taxes, and there are no tenant-owned homes. Five park-owned singlewide homes are included (no double-wides), with titles in hand; average rent for the park-owned homes is $650 per month, and the last rent increase was in 2023. The average area pad rent is believed to be about $400 per month. All vacant pads are able to accept trailers. The park is served by city water and city sewer; the park pays for water for the entire community and does not back-bill tenants. Tenants are billed directly by the utility providers for electricity and gas. Electrical pedestals are 100-amp, and the underground pipes are believed to be clay. The park pays for garbage service. Internal roads are gravel and described by ownership as in "OK" condition; the park is responsible for road maintenance. Tenants mow their own spaces while the park maintains common areas, and snow is moved as necessary. The park offers off-street parking. Operationally, all tenants are current on rent. The park uses month-to-month leases, and tenants pay via Cash App and Zelle. Owner financing is available. In addition to the homesites, there is a single-family residence on the property that the owner states is worth $150,000 on its own.