25 WATERFORD GLN Bucyrus OH 44820-1808

The community is surrounded by greenspace to the west and east, a wooded area that is in a 100 year flood zone to the south (no homes are in the flood zone) and a residential neighborhood to the north. Residents enjoy retail shopping, restaurants and a Walmart that is less than 10 minutes from the community. Other communities in the area are averaging 76% occupancy and site rent ranges from $220 to $320.

There are currently 59 homes on sites: 53 are occupied with 22 resident owned, 23 rent to own that are on 3 year contracts with terms ending in approximately 24 months, 8 rentals and 6 vacant homes. The average site rent is $250 and the current owners are receiving $450 total rent for 2 bedroom rentals/RTO’s and $550 for 3 bedrooms. All sites are serviced by city water and sewer which is directly billed (and meters read) by the city.

A new operator will benefit from a community that cash flows day one with the added upside of renovating and selling/renting 6 homes.

• City Water & Sewer, Direct Billed to Residents
• Large Sites Will Accommodate 16’ X 70’ Homes
• Current In-Place Management
• Median Home Price $83,000 | Median Household Income$33,999
• Opportunity to Renovate and Sell/Rent 6 Vacant Homes