Toledo Ohio MHC
Toledo, OH
Asking price
$2,950,000
Sites
—
Cap rate
—
Price / site
—
About this property
Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire Toledo Estates, a 125-total site, all-ages mobile home communit in the heart of Toledo, Ohio just two miles from the University of Toledo and centrally positioned less than 5 miles from both I-475 and I-75, providing residents quick and convenient access to all the surrounding dining, retail, shopping, area attractions and more that Toledo has to offer. The city of Toledo continues to distinguish itself as one of the Midwest’s most affordable housing markets, offering a compelling combination of attainable housing costs and stable renter demand. Toledo Estates prime infill position offers investors an attractive combination of durable workforce housing demand, belowreplacement cost pricing and a diversified regional economy. Toledo Estates presents a significant infill and revenue-growth opportunity. With 51 vacant homes and 39 vacant pads served by in-place infrastructure and rents below 2025 market average of $505, an operator with manufactured-housing expertise can rapidly rehab and sell/rent existing homes and bring in new homes, to lift occupancy, and drive substantial revenue growth. There is a clear path to accelerated stabilization and the opportunity represents a compelling return on invested capital. The asking price for the park is $2,950,000 ($23,600/site). Investment highlights Lot rents are well-below market averaging $441 with Toledo MSA rents averaging $505+. This represents an 11% discount to market and significant upside for new ownership post-stabilization. 51 vacant homes sit on the property representing immediate leasing upside. Infill homes onto the 39 vacant sites at market rates will significantly improve revenue, and allow ownership to move current tenants towards market rates. Excellent location just 5 miles west of downtown with a surrounding population of more than 650,000 residents and 12 miles to the Eugene F. Kranz Express Airport. https://www.crexi.com/properties/2708909/ohio-toledo-estates-mhc
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $2,950,000 |
|---|---|
| Address | 3019 Nebraska Avenue |
| First seen by UnitListed | Sep 23, 2026 |
| Source page last checked | Nov 3, 2026 |
| Source last changed | Sep 23, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Site count and hookup mix — not disclosed
How many sites are there, and how many are full-hookup, partial or tent?
Full-hookup sites earn a multiple of what a tent site does. The count alone does not tell you the income.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 23, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 23, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
