Marcus & Millichap is pleased to present a three MHC portfolio located in Anderson, Fairmount and Alexandria, Indiana; Grant and Madison Counties. The portfolio consists of 186 sites with all city utilities and the opportunity to scale operations above 130,000. Major employers consist of hospitals and universities.

In Addition to the Asking Price of $2,099,000 for the Real Estate the seller will be including 61 Rentals and 10 Lease With Option Homes in the Sale at no additional cost - these homes gross approximately $178,000 per year.

Fairmount MHP offers 55 Sites with an average lot rent of $214. Major upside being offered at $8,182 per site and a 10.67 percent cap rate.

Alexandria MHP offers 74 sites with an average rent of $224. Major upside in stabilizing occupancy and being offered above a 10.57 percent cap rate.

Countryside MHP offers 57 sites with an average rent at $249. This is a stable [ark with occupancy at 89 percent. A new owner can enjoy a cash flowing asset.

The Indiana Manufactured Housing Association has released a new LWO agreement that is approved in the State of Indiana. Allowing a buyer to change leased homes substantially, therefore, reducing expenses.