Avon Village MHP - for Sale in Avon, Indiana

235 Avon Village Drive
Avon, IN 46123
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This Mobile Home Park is Sold

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Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park for Sale

(Distressed)
This property is in default, REO or in foreclosure.
Number of MH Lots: 88
Size: 11.9 acre(s)
Status: Sold
Property ID: 106865
Posted on: Oct 14, 2011
Updated on: Jan 10, 2012

Property Description

Avon Village is an older community conveniently located on an extremely busy intersection of the growing town of Avon, only 3 miles off I-465 in the western Indianapolis metro area. The town of Avon is among the more desirable area of Indianapolis because of its strong school system, parks and recreation. Evidence of this strong demographic growth can be seen by the new Wal-Mart and Target directly across the street from the property.

Avon Village was separately metered for water and sewer. However, currently some meters are missing or inoperable and therefore the utility charge of $29 per occupied lot has been implemented. The aging infrastructure (40 +/- years) is an uncertainty, but the location and population growth of this town provide a positive outlook.

Avon Village is one of two REO communities in this portfolio that are located in the greater Indianapolis area.

Note: The seller will accept combined offers on both properties as long as it is accompanied with individual property offers.

Park Information

Number of MH Lots:88
Total Occupancy:66.0%
Year Built:1973
Average MH Lot Rent: $340
Size:11.9 acre(s)

Financial Information

Net Operating Income$35
Debt Info

Utility Information

Water:City
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:23