Contact Information

Mobile Home Park Details

  • Price: $1,950,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.1%
  • Property ID: 1080920
  • Posted on May 13, 2019

Property Description

Wisely Commercial Realty and Fluhr Commercial Real Estate is pleased to offer for sale Harding MHC located in Henderson, Kentucky. Harding MHC consists of 154 approved home spaces situated on 54.78 acres of land. The property is serviced by city water and a city sewer. Currently only the newer section of the community (50 sites) is sub metered, a new operator has the opportunity to sub meter the old section (104 sites) and charge back the residents for water and sewer. A new operator has the ability to bring in new homes and fill the vacant sites.

For more information call Adam McNeil (317) 564-8339 or email armcneil@wiselycr.com

Community Video Link:
https://youtu.be/vECP-OnAxS0

Community Offering Memorandum Link:
https://www.crexi.com/properties/215295/kentucky-harding-mhc?offeringMemorandum=download

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

Park Information

Community Type: All Age
Number of MH Lots: 154
Total Occupancy: 66.0 %
Average MH Lot Rent: $200
Size: 54.8 acre(s)

Financial Information (Pro Forma)

Gross Income $306,220
Operating Expense $156,396
Net Operating Income $149,824
Expense Ratio 51.1 %
Debt Info

Lot Information

Singlewide Lots: 154

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1

Video

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