Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 441047
- Posted On: May 1, 2014
- Updated On: May 10, 2015
Description
PRICE REDUCED TO $449,000 FROM $600,000!!!! MAKE OFFER!!!
13 CAP RATE / 31% CASH ON CASH RETURN
Principals Only. For sale by Owner. Very clean, well managed 32 sites + residential home on 3 acres next to Indiana Lake, resort area all sports lake. City sewer, well water. No rentals. 3 contract homes included in price. Very stable operating income and expenses for many years. NOI = $62,000. Rents can be increased. Long-term tenants. No deferred maintenance. Easy to manage. Serious inquiries only. Make offer! Ready to deal!
Location
Beautiful Indiana Lake Resort Area
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $249 |
| Size: | 3 acre(s) |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
