Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.8%
  • Listing ID: 455731
  • Posted On: Jun 16, 2014
  • Updated On: Aug 31, 2015

Description

Seasonal Park located on beautiful Kuhn Lake on the Barbee chain of lakes in Kosciusko County IN. MHP is a 6 month seasonal park, open May through October, with 28 lots that have direct lake access and over 300 ft of pier. Kuhn Lake is one of 10 lakes in the chain of Barbee Lakes, and provide 24 hour ski lakes, sand bars and fishing. Each lot has full hook up, metered electric, well water, and sewer and garbage provided in annual lot rent. Park is for sale by owner, so deal directly with the owner, no brokers involved. Please call the owner for private showings. Showings are by appointment only.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 28
Total Occupancy: 93.0 %
Average MH Lot Rent: $1,800
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $53,600
Operating Expense: $5,200
Net Operating Income: $48,400
Expense Ratio: 9.7 %

Lot Information

Singlewide Lots: 28

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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