Mobile Home Park Details

Distressed: This property is in default, REO or in foreclosure.
Purchase Method: Cash
Listing ID: 364047
Posted On: Feb 26, 2013
Updated On: Oct 8, 2014

Description

Marcus & Millichap is pleased to offer Meadowbrook Golf Estates. Meadowbrook Golf Estates is a 141 site manufactured housing community which sits on +/- 26.08 acres in Anderson, Indiana. The property was built in two phases; Meadowbrook West was completed in 1996 and contains 37 home sites and Meadowbrook East, which was completed in 1998 and contains 104 home sites.

Meadowbrook East and West each back up to Meadowbrook Golf Course, an 18 hole, par 71 public course. Improvements at the community include concrete streets, curbing, sidewalks, drive-ways, centralized mailboxes and an on-site leasing office. The current site rent at Meadowbrook Golf Estates is $295 per month.

There are currently 87 vacant sites of which 26 sites are ready for homes containing concrete pads along with electric and plumbing ready for hook-up.

Meadowbrook Golf Estates is currently a real estate owned property being offered with great upside potential. A new investor has the opportunity to stabilize the community and obtain a substantial return on their investment.

Don't miss this opportunity to own 141 sites in an outstanding Indiana location.

Location

The city of Anderson is located only 30 minutes northeast of Indianapolis, Indiana's capitol city. The property is four miles from Anderson University, which has an enrollment of just over 2,500 students, and just three
miles from Interstate 69. Anderson, Indiana, has a population of approximately 60,000 residents. Major employers in the area include St. John's Hospital, Anderson University, Hoosier Park Racing & Casino, Red
Gold Incorporated, Nestle and the Anderson Community School Corp.

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