For more information go to www.wiselycr.com

Community Video Link: https://youtu.be/H2BFcgljILw

Offering Memorandum Link: https://www.crexi.com/properties/836472/indiana-lake-park-estates?offeringMemorandum=download

PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Lake Park Estates located in South Whitley, Indiana. South Whitley is located approximately 28 miles West of Fort Wayne. Lake Park Estates consists of 120 approved home spaces; 52 sites have been developed and 68 sites have been planned out but not developed. The community is situated on 56 acres of land. The property is serviced by City Water and City Sewer and is direct billed to the Residents. A new owner can come in and fill the remaining vacant sites.

INVESTMENT HIGHLIGHTS
• 52 Developed Sites & 68 Planned Sites
• City Water & City Sewer Direct Billed to Residents
• Strong Demand for Housing in the immediate area
• Located approximately 28 miles West of Fort Wayne
• Ability for a new owner to continue filling the vacant sites with new home

OFFERING SUMMARY
Community Price: $1,350,000
Park Owned Homes: $700,000
Expansion Land: $510,000
Total Price: $2,560,000
Community NOI: $95,863
Community Cap Rate: 7.1%
Price Per Site: $11,250
Approved Sites: 120 (56 Developed)
Economic Occupancy: 75% (Developed Sites)
Park Owned Homes Occupied: 13
Inventory Homes: 2
Total Park Owned Homes: 15