Marcus & Millichap is pleased to present the opportunity to acquire a mobile home park located in Mishawaka, Indiana. Oak Grove Mobile Home Park is an all-age community situated on 10.54 acres. The community consists of 117 sites with public water and sewer that are sub-metered.

Oak Grove Mobile Home Park located at 22 1st North Street, Mishawaka, IN has an average rent of $285 per month. With a 65 percent occupancy rate, a new investor can benefit from the ability to continue filling lots. There are no park owned homes.

The community is located near the border of Indiana and Michigan and approximately 5 miles from South Bend and 10 miles from Elkhart. Mishawaka, Indiana has a population over 400,000 within a 15 mile radius and is part of the Elkhart/ South Bend MSA.

The community is being offered for $1,750,000 and a new owner can expect a cap rate of 8.53% and $14,957 per site.

*License states 117 sites, however, the seller feels that at full occupancy, Oak Grove will accommodate 105 sites.