Online bidding starts May 1. Mobile home park known as Wagon Wheel mobile home park. 58 spots with 42 occupied. 1 double wide is owned by the park. Pad rent is $280 per month. 2 water wells and private sewer system located on site. 15.67 Acres. Located in Pickaway Co. close to the Madison Co. line. Tax appraisal is $544,280. Current owner wishes to retire and has owned the park since the 80's. 30x45 pole barn that houses the water wells. Annual gross income average is $142,000. Average net is around $97,000. Just passed annual EPA inspection for the sewage system. One tenant currently mows and does general maintenance. Cap rate at a purchase price of $500,000 is 19.35. Cap rate at $700,000 is 13.82. Where else can you make this kind of return on your money. Good luck bidding!
Lot Size: 15.67 Acres
Annual Taxes: $ 10,081
LEAD AUCTIONEERBarry Baker
From I-71 and OH-56 go East on 56 for 3.4 miles into Mt. Sterling to North on OH-62 for 2.4 miles to left on Tenny Rd.
Online bidding starts May 1. Sells with a stated minimum bid of $450,000. 10% deposit immediately following the auction which will become your non refundable deposit if you are the high bidder. 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 30 days with Talon Title Agency, Caryl Caito 614-864-7100 ext 1310 CCaito@Talontitle.net
Realtor showings and cooperation are encouraged. For full compensation instructions, see Realtor Registration form attachment. Please call Auctioneer to schedule all showings.