Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 456494
- Posted On: Jun 23, 2014
- Updated On: Jan 15, 2015
Description
" Offered as a portfolio with Sherman Oaks MHC or separately.
" Rare opportunity to purchase an extremely high quality 4 star community within the Indianapolis MSA.
" Community should qualify for very attractive non-recourse debt at historically low rates.
" Tremendous upside potential to fill vacant sites. Park currently has strong demand from potential tenants but few homes to accommodate them.
" Recourse agreement with in place with 21st Mortgage that must be assumed by new buyer (30 Occupied 21st homes currently in place).
" Outstanding amenity package that includes a clubhouse, 2 swimming pools, 2 basketball courts, 2 playgrounds, and RV storage.
" Offering includes 147 inventory homes offered at cost and 2 home notes offered at the current balance.
Location
" Valley Brook is conveniently located just 15 minutes from the heart of downtown Indianapolis, the state capital of Indiana and 13th largest US city with a population in the MSA of nearly 1.8 million.
" Public bus transport sits a short five minute walk from the property and will take you directly to downtown shopping and entertainment with no transfers.
" Indianapolis features many famous sporting events including the Indianapolis 500, Brickyard 400 and NHRA US Nationals.
" The local elementary, middle and high schools are all within walking distance of the property.
" A multitude of large companies are headquartered in Indianapolis including Eli Lilly, Brightpoint, Wellpoint, Marsh Supermarkets, Finish Line, hhgregg, Inc. and many others.
" The unemployment rate in Indianapolis for March 2014 was 5.6%, well below the national rate of 6.8%.
" The community is in close proximity to numerous major thoroughfares including Interstate 70, which cuts through the center of Indianapolis.
" Minutes from the Indianapolis International Airport, the second largest hub in the world for FedEx, and the 8th largest cargo center in the U.S.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 798 |
| Average MH Lot Rent: | $430 |
| Size: | 130 acre(s) |
