3543 Needmore RdDayton, OH 45414

  • Retail space
  • 30.61 AC

Property Details for 3543 Needmore Rd

Year built
1961
Lot size
30.61 AC
Property type
Retail space
APN
R72117011 0026
APU
R721170110026

Description

This exceptional investment opportunity presents a stabilized portfolio of three mobile home parks in Dayton, Ohio, totaling 660 sites with 96% occupancy as of July 31, 2024. The Dayton-Canton MHC Portfolio comprises Sunny Acres MHP, Woods MHP, and Beth MHP, each showcasing attractive curb appeal with beautifully landscaped grounds and well-maintained amenities. A significant advantage is the low percentage of park-owned homes (only 6%), with most existing homes being 2020 or newer, minimizing costly repair expenses. Currently operating with below-market rents, this portfolio offers substantial upside potential. Furthermore, a compelling expansion opportunity exists to add up to 124 additional sites, significantly increasing rental income. Filling just half of these potential sites at current lot rents could boost annual income by over $390,000. The portfolio benefits from public utilities, making it a turnkey investment ready for immediate returns. Located at 3543 Needmore Rd, Dayton, OH 45414, in Montgomery County, this property presents a rare chance to acquire a high-performing, expandable mobile home park portfolio in a desirable Ohio market.

Location Insight

City
Dayton
County
Montgomery
State
Ohio
Latitude
39.8225
Longitude
-84.1608
CBSA code
19430
CBSA name
DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$56,486
$159,780
$355,120
$514,900
-
$456,510
$1,014,630
$1,471,140

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