Contact Information

Mobile Home Park Details

  • Price: $9,825,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1096393
  • Posted On: Jun 20, 2019
  • Updated On: Sep 3, 2019

Property Description

Wisely Commercial Realty is pleased to offer for sale four manufactured housing communities and one apartment complex located in Indiana. Lakeside Manor has 92 sites and is located in Shipshewana, IN. Deer Creek has 49 sites and is located in Galveston, IN. Russiaville MHC has 42 sites and is located in Russiaville, IN. Flora Apts has 13 apartment units and is located in Flora, IN. Greenwood has 116 sites and is located in Union City, IN. All five communities are being sold as a portfolio. This opportunity provides a Buyer a chance to acquire over 300 sites.

INVESTMENT HIGHLIGHTS
• Stable Portfolio of Communities with Upside Increasing Rents
• Quality Park Owned Housing Inventory
• 131 Park Owned Homes Included in the Sale
• All Communities are on City Sewer

Deer Creek Video
https://youtu.be/m-JMORs1Etc
Greenwood
https://youtu.be/hafLn-Dd-Xo
Flora
https://youtu.be/YNcn5GHbaR4
Lakeside Manor
https://youtu.be/nE9j1Okrh3k
Russiaville
https://youtu.be/c6W3ZuUVq2M

Offering Memorandum Link
https://www.crexi.com/properties/225289/indiana-indiana-mhc-portfolio?offeringMemorandum=download
DD Link
https://www.crexi.com/properties/225289/indiana-indiana-mhc-portfolio?openDueDiligence=open

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Park Information

Community Type: All Age
Number of MH Lots: 312
Total Occupancy: 87.2 %

Lot Information

Singlewide Lots: 312

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 131

Download Documents

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