Indiana Portfolio
Indiana Portfolio
VONA
VONA
VONA
VONA
VONA
VONA
VONA
VONA
VONA
VONA
Hickory Haven
Hickory Haven
Hickory Haven
Hickory Haven
Hickory Haven
Hickory Haven
Hickory Haven
Hickory Haven
Hickory Haven
Hickory Haven
Shady Oaks
Shady Oaks
Shady Oaks
Shady Oaks
Shady Oaks
Shady Oaks
Shady Oaks
Shady Oaks
Shady Oaks
Shady Oaks
Indiana Portfolio
VONA
VONA
VONA
VONA
VONA
Hickory Haven
Hickory Haven
Hickory Haven
Hickory Haven
Hickory Haven
Shady Oaks
Shady Oaks
Shady Oaks
Shady Oaks
Shady Oaks

Mobile Home Park Details

  • Listing ID: 798907
  • Posted On: Mar 30, 2017
  • Updated On: Dec 14, 2022

Description

Colliers Manufactured Housing Group is pleased to present a rare opportunity to acquire a 3 Property Portfolio in Indiana consisting of:

• 216 total home sites, 4 stick built homes consisting of 6 apartment units, 3 communities

• Significant opportunity to increase occupancy and net income through lease up

• Rare opportunity to own 216 home sites in a major MSA with population exceeding 2MM

• Enjoy the benefits of management efficiencies; properties are less than 90 minute drive time

• Combined owner reported 2016 NOI is above $150,000 with the opportunity to achieve over $535,000 once stabilized

• Strong in place average rents are at market and strong demand to rent homes, owners are actively renting home sites

Check out the Indiana Portfolio website for the full offering memorandum:
http://colliersmanufacturedhousing.listinglab.com/IndianaPortfolio/

Russ Williamson
614.329.1922
russ.williamson@colliers.com

Broker of Record:
241 N. Pennsylvania Street Suite 300, Indianapolis, IN 46204

Please contact Russ Williamson at 614-329-1922 for further details.

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

Park Information

Community Type: All Age
Number of MH Lots: 216
Total Occupancy: 43.0 %
Size: 44 acre(s)

Financial Information (Actual)

Gross Income: $447,918
Operating Expense: $295,654
Net Operating Income: $152,264
Expense Ratio: 66.0 %

Lot Information

Singlewide Lots: 198
Doublewide Lots: 18

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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