Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.1%
- Listing ID: 880528
- Posted On: Nov 21, 2017
- Updated On: Apr 17, 2018
Description
Wisely Commercial Realty is pleased to offer for sale Country Square Estates Manufactured Housing Community located in Columbia City, Indiana. Country Square Estates consists of 20 approved mobile home spaces and 1 apartment building situated on 7.145 acres.
Residents enjoy spacious lots, city utilities and individual trash containers. The property is serviced by municipal water and sewer, the water and sewer is direct billed to the residents.
The property is located in the Town of Columbia City, a community located in Whitley County. Columbia City is a fast-growing community. In the last 15 years, it’s added almost 1,800 people, which is a 20% population growth!
Community Video: https://youtu.be/S_Q8hIpTOS8
Please complete the CA and return to armcneil@wiselycr.com or call 317-564-8339 for more information.
Location
Columbia City is a small community in northeast Indiana, covering an area of 5.21 square miles. It has a population of 8,850 as of the 2010 census. Columbia City serves as the seat of Whitley County.
Columbia City rests within 25 miles of Fort Wayne, Indiana, making it a great place for companies to do business.
Columbia City is a fast-growing community. In the last 15 years, it’s added almost 1800 people, which is a 20% population growth!
Whitley County had a 2015 population of 33,330 residents. The town of Columbia City had a 2010 population of 8,850 residents.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 21 |
| Total Occupancy: | 76.0 % |
| Average MH Lot Rent: | $210 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $65,036 |
| Operating Expense: | $22,000 |
| Net Operating Income: | $43,036 |
| Expense Ratio: | 33.8 % |
Lot Information
| Singlewide Lots: | 21 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
