Contact Information

Mobile Home Park Details

  • Price: $900,000
  • Purchase Method: New Loan
  • Property ID: 1101086
  • Posted on Jul 1, 2019

Property Description

Marcus & Millichap is pleased to present Cedar Creek Mobile Home Parks, a 53-space mobile housing community, located at 5851 US-31 in Peru, Indiana. Peru is a city in, and the county seat of, Miami County, Indiana, located approximately 75 miles directly north of Indianapolis.

Cedar Creek Mobile Home Park has a total of 53 spaces with 28 park-owned homes. The property has been well-maintained and has managed to maintain good occupancy with average market rents.

Cedar Creek Mobile Home Park is located on Route 31, with high visibility to an average of 26,477 vehicles per day. Peru, Indiana is home to the Circus Hall of Fame and the Grissom Air Force Base, which is across the street from the property. A new owner can potentially raise rents and fill the vacant sites to receive a greater return.

Location

Total Acreage: 13.48 Acres
Average Household Income Within Five Miles is $61,406

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

Park Information

Community Type: All Age
Number of MH Lots: 53
Total Occupancy: 83.0 %
Year Built: 1958
Average MH Lot Rent: $224
Size: 13.5 acre(s)

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 28
Average Rent for Park-owned Homes: $392

Similar Mobile Home Parks for Sale