For more information go to www.wiselycr.com

Community Video: https://youtu.be/FJb4q7AUI_A

Offering Memorandum Link: https://www.crexi.com/properties/1168193/indiana-rockport-mhc?offeringMemorandum=download

Wisely Commercial Realty is pleased to offer for sale Priority Management manufactured housing community located in Rockport, Indiana. Priority Management consists of 35 home spaces situated on 4.9 acres of land. The property is serviced by municipal water and sewer, water is directly billed to the residents. Great Value-Add opportunity where you can purchase a community for only $8,543 per site.

OFFERING SUMMARY
List Price: $299,000
IN-Place NOI: $17,457
Proforma NOI: $25,017
Proforma Cap Rate: 8.4%
Price Per Site: $8,543
Price Per Occupied Site: $21,357
Total Sites: 35
Occupied Sites: 14
Occupancy: 40%
Total Park Owned Homes: 0
Land Size: 4.9 Acres