1-877-BID-OHIO (243-6446) 

Specializing in the sale of
Real Estate at Public Auction

13 Unit Mobile Home Park in Preble Co.

More Information

Bidding starts at $300,000. 13 Unit Mobile Home Park on 7.3 Acres in Preble Co. All 13 units are owned by the park. The park is licensed for 20 units. 2 total parcels. Wooded area for trails or possible expansion. A 24x68 trailer could be converted to a 3 unit adding approx. $1,500 extra per month. There are 2 fixed houses on the property that are not mobile homes. There is space to add another 6 trailers.  Gross income per month is $7,165 and typically nets around $5,000 per month. See document section for a list of income and expenses.

Recent upgrades

New well pump

New electric panel boards

Engineered electrical drawings on file with dp&l for ease of power hookup for empty lots

South side of park had water line put in before expansion

Baffles to sewer plant

Rebuilt motor that runs sewer plant

New sand for sewer plant

Recent patch work to blacktop drive

New pressure switch 

Large double wide trailer 24x68 blocked and leveled on concrete runners and ready to get started making a three unit out of it (expectation of $1,500 a month net based on current rents)

Sewer main checked with camera and eel for leaks (there were none) 

4  have new furnace

6  have new water heaters 

Lot Size: 7.306 Acres

Annual Taxes: $ 1,292


Property Map


LEAD AUCTIONEER

Barry Baker
Email Barry

W: 937-581-3037
F: 614-635-3474


DIRECTIONS: Just East of the town of West Alex across from the Sugar Hill German Baptist Cemetary.


Basic Terms:

Sells with an opening bid of $300,000. 10% down payment is due by wire, bank transfer, or direct deposit into our JPmorgan Chase trust account or by credit card payment with a 4% surcharge. This amount will become your nonrefundable deposit. Contract signature and deposit must be made by 5 PM the day of Auction. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. A 10% buyer's premium will be added to the high bid to obtain the final contract selling price. Short tax proration. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes.

Closing will take place with Ohio Title Corp. Tracy Furyes, tfuryes@ohiotitlecorp.com 440-772-0942

Bid increments are $100 up to a bid amount of $100,000 and become $1,000 after $100,000.

When you place a bid, you can either place the minimum required bid or you may place a "Maximum Bid". If you place a maximum bid and hit the submit button, a box will pop up explaining the process and the software will bid for you in the increments stated above. If someone bids within the final 5 minutes of the Auction, the ending of the Auction will be extended by 5 minutes until all bids have been placed.

Deposit and Closing:

Ohio Real Estate Title, Inc. Veronica Brown, (937) 322-7333 Phone Email: vbrown@oret.com

Realtor Participation:

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