Oakridge Manor MHP - for Sale in Indianapolis, Indiana
9530 Pendleton Pike
Indianapolis, IN 46236
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Broker Information
Mike NissleyCB Richard Ellis
Mobile Home Park for Sale(Distressed)This property is in default, REO or in foreclosure. |
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| Number of MH Lots: | 167 |
| Size: | 17.6 acre(s) |
| Status: | Sale Pending |
| Property ID: | 106867 |
| Posted on: | Oct 14, 2011 |
| Updated on: | Jan 10, 2012 |
| Price: | Submit Offer |
Property Description
Oakridge Manor is an all-age family community located on the north east side of Indianapolis. It is located only minutes from the downtown area with good retail shopping in a regenerating, growing part of Indianapolis. Located across the street from a new hotel and only 1 block away is the Ford Plant Subsidiary and warehouse. This area has a stabilized employment outlook. Included in this offering is a 1,500 square foot brick office which offers adequate space for developing a management and sales team to acquire and market for the infill of homes into the 53 vacant sites.
Oakridge Manor 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: | 167 |
| Total Occupancy: | 68.0% |
| Year Built: | 1964 |
| Average MH Lot Rent: | $320 |
| Size: | 17.6 acre(s) |
Financial Information
| Net Operating Income | $202,475 |
| Debt Info |
Utility Information
| Water: | City |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 11 |
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