Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 15.9%
- Listing ID: 102525
- Posted On: Aug 15, 2011
- Updated On: Apr 13, 2016
Description
NORTHEAST INDIANA! 24 Home Sites! 100% Occupancy! 15.9% Cap Rate, 41% Cash on Cash Return, 21% Mortgage Cap Rate, and 51% Net Profit After Expenses and Debt Service! $13,729 per home site! BELOW MARKET RENTS! Last Rent Increase was $35 in 2008! Make an Offer! Seller wants to Retire! Contact Andria Strittmatter at 317-800-1840 for more information regarding this property.
Location
NORTHEAST INDIANA
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $200 |
| Size: | 4 acre(s) |
Lot Information
| Singlewide Lots: | 24 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
