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150-Site 55+ Community in Dover, OH Offers Due Friday, May 2, 2025
XXXXXX, XXXXXX XX, 2025
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NE Ohio 5-Star MH Retirement Community
Investment Highlights
FIVE STAR 55+ RETIREMENT COMMUNITY
100% OCCUPIED WITH NO DELINQUENCY
ALL RESIDENT OWNED HOMES
DIRECT BILLED PUBLIC UTILITIES
CITY MAINTAINED ROADS
BELOW MARKET RENTS
ATTRACTIVE ASSUMABLE DEBT
WELL MAINTAINED COMMUNITY WITH EXCELLENT CURB APPEAL
ON-SITE AMENITIES INCLUDING CLUBHOUSE, BANQUET HALL, POOL, FITNESS CENTER & MORE
PROXIMITY TO CANTON & AKRON
SITUATED NEAR I-77
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NE Ohio 5-Star MH Retirement Community
150-Site 55+ Community in Dover, OH
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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Hunter LaRocca
Director
407.227.9643
hunter.larocca@berkadia.com
Columbus OFFICE
6555 Longshore Street Suite 280 Dublin, OH 43017
Brian Hummell
Director
614.468.5773 brian.hummell@berkadia.com
Rick VidrIo
OH BROKER OF RECORD
Managing Director 248.341.3325 rick.vidrio@berkadia.com
Kevan Enger
Senior Managing Director
407.494.8541
kevan.enger@berkadia.com
ian hilpl
Managing Director
315.406.0900
ian.hilpl@berkadia.com
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Office & Contact Information
Executive Summary
Berkadia Manufactured Housing is pleased to present this Five-Star 55+ Manufactured Housing Retirement Community located in Northeast Ohio. This community features 150 sites with all tenant owned homes, and boasts a 100% occupancy rate with no delinquency, reflecting its strong desirability. Strategically located near Canton and Akron and conveniently situated near I-77, the community offers new ownership the ease of city utilities direct billed to tenants as well as roads maintained by the city. Furthermore, this property offers attractive assumable debt terms with a favorable 3.33% interest rate and full-term interest-only payments.
This offering presents investors with the opportunity to acquire a beautifully preserved community with strong operational characteristics, while also providing substantial value-add components.
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Market Overview
The Dover / New Philadelphia MSA offers a distinctive blend of rich historical roots, evolving industry, and inviting community spirit. Anchored by the cities of Dover and New Philadelphia, this region in eastern Ohio exemplifies a unique balance between its industrial heritage and modern revitalization. The MSA benefits from a network of regional highways and local roads that facilitate seamless connections to larger urban centers and neighboring states. The accessibility not only supports the daily commute and business travel but also enhances the area’s appeal as a gateway to both rural landscapes and urban amenities. Scenic parks, walking trails, and outdoor facilities complement a vibrant local scene which features diverse dining, shopping, and entertainment options.
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EXECUTIVE SUMMARY
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DOVER/NEW PHILADELPHIA MSA
WILLIAMSON COUNTY RANKINGS
DOVER/TUSCARAWAS COUNTY
RANKINGS
#1
BEST PLACE TO LIVE IN TUSCARAWAS COUNTY
NICHE
#21
BEST COUNTIES FOR RETIREES IN OHIO
NICHE
22.3%
BELOW THE NAT’L AVG COST OF LIVING
BEST PLACES
#30
BEST PUBLIC SCHOOLS IN OHIO
NICHE
Opportunity Highlights
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