1015 North Main Street

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1015 North Main Street

Marion, OH 43302
Asking Price
$299K
Asset Type
Mobile-home-park
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Mobile home park available for purchase in Marion, Ohio.
  • The property is listed at an asking price of 299,000 dollars.
  • Site utilities include reliable city water and city sewer connections.
  • This asset offers clear value-add potential for active real estate investors.
  • Located within a functional and growing metro area of central Ohio.

What's Special

Marion serves as a resilient hub within the central Ohio region, providing a stable environment for residential real estate investments. Situated at 1015 North Main Street, this mobile home park presents a value-add potential for investors looking to expand their portfolio within a functional metro market. The property benefits from the convenience of existing city water and city sewer infrastructure, which simplifies operational requirements for management. Given the consistent demand for affordable housing options in suburban communities, this asset is well-positioned for an owner-operator focused on stabilizing or enhancing the site through diligent management practices. The park offers an entry point into the local housing sector, catering to a demographic seeking reliable living conditions near essential services and regional transit corridors. Its current configuration allows for immediate focus on occupancy improvements and long-term asset appreciation within this established submarket.

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NOI
$80,000
Cap Rate
26.76%
DSCR
4.51
Strong
Cash-on-Cash
69.40%
Monthly Payment
$1,479.289
Annual Cash Flow
$62,248.534

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