47-Space Mobile Home Park - for Sale in Martinsville, Indiana
Martinsville, IN
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Broker Information
Michael CalinRe/Max Signature-Commercial Division
www.remaxsignaturecommercial.com
Mobile Home Park for Sale |
|
| Number of MH Lots: | 47 |
| Cap Rate: | 14.8% |
| Purchase Method: | Seller Financing |
| Status: | Active |
| Property ID: | 107242 |
| Posted on: | Oct 22, 2011 |
| Updated on: | Jan 13, 2012 |
| Price: | $450,000 |
Property Description
Mobile Home Community in central Indiana with good income and low expenses. Owner will take a land contract-Make an offer!!!!
For information and a complete package call (313) 469-0951 or email michaelcalin@remax.net
Park Information
| Number of MH Lots: | 47 |
| Total Occupancy: | 63.0% |
| Year Built: | 1972 |
| Average MH Lot Rent: | $265 |
Financial Information
| Gross Income | $92,220 |
| Operating Expense | $25,981 |
| Net Operating Income | $66,219 |
| Expense Ratio | 28.2% |
| Debt Info |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
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