769 US 42 London OH 43140

Spring Valley MHC is an all age/family community that was built in 1986 in Madison County that offers residents a country like setting and access to Interstate 70 within minutes. There are currently 30 community owned rentals paying an average of $590 ($304 site rent/$286 home rent), 11 resident owned homes paying $304, 4 vacant community owned homes that need to be renovated and there is only 1 empty site. The former doublewide office located to the south of the commercial building was just rented for $845 bringing the total site count to 46. Home site #45 is a single wide that is made up of two separate 1 bedroom, 1 bathroom floor plans that each rent for $599. A new 2,500 square foot dual bay commercial building that was constructed in 2018 was just leased for $1,250 per month and is the location for the well system that produces 96 GPM. The former laundry facility is used to store equipment and supplies. The sewer system is serviced by a WWTP that is operated by a third party company; there are no outstanding violations with the Ohio EPA for the well or WWTP.

Spring Valley MHC offers an opportunity to own a stabilized asset with strong historical cash flow located less than 40 minutes from a major MSA and only minutes to several Fortune 500 distribution facilities located in West Jefferson.

For more information on Spring Valley MH Community, please contact: Russ Williamson | 614-329-1922

• - Less than 10 minutes away from major employers such as Amazon, FedEx, Target, Kellogg Co, Ace Hardware, Restoration Hardware and Jefferson Industries
• - Less than 30 miles to downtown Columbus
• - London’s median home price is $139,200 | Unemployment Rate is 3.7%
• - Last rental increase was in June 2011
• - 89% Economic Occupancy | 98% Physical Occupancy
• - Upside in increasing rents to market and sub metering and passing thru the water and sewer expenses
• - Upside in renovating 4 vacant homes and brining in 1 home to achieve 100% occupancy