Glen Ridge Park

10341 Lincoln Way East Orrville, OH 44667

10341 Lincoln Way East, Orrville, OH, 44667
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FOR SALE
Property Type:
Mobile home
Amount:
$1,800,000
Last Verified:
May 07, 2024

Highlights

  • - 76 units available
  • - Prime Orrville location
  • - High occupancy rate
  • - Strong income-generating potential
  • - Attractive investment opportunity
  • - Desirable market for multifamily or mobile home park investors

Description

Looking for an investment opportunity with potential? Welcome to our mobile home park and apartment building nestled in a serene setting. With 54 spacious lots, each equipped with a trailer, our park presents a unique chance to enter the real estate market or expand your portfolio. While not all trailers are currently occupied, demand is high, evidenced by a waiting list for our cozy units. Attached financials showcase the park's stability and potential for growth, with tenant-financed lots offering steady returns. Plus, with the added bonus of a 22-unit efficiency apartment building, there's ample opportunity for additional revenue streams. Not to mention, our property boasts self-sufficient utilities, including a private well and EPA-compliant sewage treatment plant, ensuring low operating costs. Take advantage of this promising investment opportunity today! Contact us for more information and to schedule a viewing.

Discover the charm of Orrville, Ohio, where small-town vibes meet big opportunities. This thriving community boasts a strategic location with easy access to major highways and urban centers. Nestled in the heart of Amish Country, the area offers a rich tapestry of cultural experiences and local flavor. Nearby, investors will find notable attractions such as Orrville Railroad Heritage Society, Smucker's Store & Café, and the J.M. Smucker Company headquarters. With a welcoming community, strong business presence, and picturesque surroundings, the area surrounding the property is an ideal location for office building investors seeking a blend of convenience and character.

Building Size: 30000sq ft
Lot Size: 9.12 acres


Documents

Rent To Own Roster.xlsx
Glen Ridge Park Financials.xlsx
Glen Ridge Market Report.pdf
Sale Brochure

Map of 10341 Lincoln Way East, Orrville, OH, 44667

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.