Nice Homes
Nice Homes
Only 5 Park Owned Homes
Only 5 Park Owned Homes
Wide Streets
Wide Streets
Nice Park
Nice Park
16 open lots
16 open lots
Entrance
Entrance
Nice Homes
Only 5 Park Owned Homes
Wide Streets
Nice Park
16 open lots
Entrance

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.0%
  • Listing ID: 555057
  • Posted On: Aug 20, 2015
  • Updated On: Oct 8, 2015

Description

Country Acres is a nice park located in the town of Hamlet, Indiana. Hamlet is within 15 miles of other larger cities with lots of job opportunities for tenants. It also sits just off a major highway. City Water and City Sewer! 61 lots in the park
with 45 homes at $250 monthly lot rent. Net Operating Income of just over $100,000 makes this park a great financial deal with upside to add even more homes. Management is great due to only five park owned homes. The park is full of owner occupied homes that pay lot rent each and every month. This 20 acre park has lots of room for the residents and nice wide lots. This is a great opportunity to own a nice sized park that is already making great money. You can come in and make money from the start, plus improve the landscaping and add homes if you want to make even more money.

Call Trent Conaway at (317) 844-4684 for even more information!

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 61
Average MH Lot Rent: $250
Size: 20 acre(s)

Financial Information (Actual)

Gross Income: $139,000
Net Operating Income: $104,000

Lot Information

Singlewide Lots: 61

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $450

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