Contact Information

Mobile Home Park Details

  • Price: $199,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Property ID: 1113560
  • Posted On: Jul 31, 2019
  • Updated On: Sep 8, 2019

Property Description

Willow Springs Mobile Home Park is located in rural Peru, IN. It is a smaller park that consists of 24 pads and one two bedroom house on 9.50 acres. Peru has a population of 11,417 residents. At the present time the park only has 11 paying tenants (46% occupied). The average rental rate is between $235 & $250 per month, depending upon the length of time the tenant has lived in the park. The rents have not been raised in nearly four years. The park is on a private well and city sewer. The sewer lines are predominantly schedule 40 PVC. The water lines are approximately 30% galvanized, with the remainder being PVC black. The water risers are schedule 40 PVC. The park has electric & natural gas meters to the pads. No water meters are currently present on the facility. The road is gravel and needs some attention. At the present time two tenants are behind in their rent.

This is a park that that should interest MHP operators who have previous experience in turn-around situations. There are currently two empty trailers on the premises. The owner speculates that these could be rehabbed and be made rentable going forward.

The owner will consider owner financing on a case by case basis with a minimum of $100,000 as a down payment.

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

Park Information

Number of MH Lots: 24
Total Occupancy: 46.0 %
Average MH Lot Rent: $250
Size: 9.5 acre(s)

Lot Information

Singlewide Lots: 24

Utility Information

Water: Well
Sewer: City

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