2 separate mobile home parks South of Columbus. Online Only Bidding. Buy one or both.
Whispering Pines Address is 10117 US Hwy 6, Orient, Oh 43146
This park is only 20 minutes from the State House in Downtown Columbus. The park consists of 32 units, one being a stand alone house. Private sewer plant. Annual NOI is $68,713.20.
This park is 5 minutes South of Whispering Pines and 25 minutes to downtown Columbus. Sunset has 29 rental units including a stand alone Cabin, a closed commercial Bar and a commercial garage. Private sewer plant. Annual NOI is $60,141.60.
See the document section of the website for Auditor info, Income statements and current rent rolls.
Both parks have deferred maintenance but are cash cows. There is a ton of room for Value Added improvements that will increase the NOI. The owner is out of the country and no longer wishes to distance manage the properties.
Lot Size: Sunset is 3 tracts with Aprox. 4.95 Acres. Whispering Pines is 5 tracts with Aprox. 3.635 Acres.
Annual Taxes: $ 8,600
LEAD AUCTIONEERBarry Baker
Sells with an opening bid of $920,000 if you are bidding on both parks. Whispering pines starts at $480,000 and Sunset starts at $440,000. Both parks will be offered separately and as a combo. They will sell in a manner that produces the highest total bid. 10% down by cash or check which will become your non refundable deposit. 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.
Deposit and Closing:
Close within 45 days of the Auction.