Contact Information

Mobile Home Park Details

  • Price: $350,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Property ID: 1113562
  • Posted On: Jul 31, 2019
  • Updated On: Nov 18, 2019

Property Description

Tamarack Mobile Home Park is located in Jonesboro, IN. It is a midsized park that consists of 55 pads and 1 shed. At the present time the park only has 9 paying tenants (16% occupied). The average rental rate for TOH pad rentals is between $200-225 per month. The rents have not been raised in over four years. The park is on CITY WATER & CITY SEWER! The underground pipes are predominantly copper & black pipe. The park has electric meters, gas meters, and water meters to the pads without any utilities being back billed. The road is a combination of asphalt & gravel and needs quite a bit of work.

The park is currently operating without a license from the State of Indiana. To get the park back up to standards to satisfy the State and get the license back, the new park owner will need to remove general debris from the park, cut down excess vegetation, and secure vacant/abandoned trailers.

There are currently around 25 vacant trailers on the premises. The owner is estimating that approximately 20 of those could be renovated for future rentals. The owner does not have all of the titles for the homes on the property so the new owner would have to track those down going forward.

The owner will consider owner financing on a case by case basis with a minimum of $250,000 as a down payment.

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

Park Information

Community Type: All Age
Number of MH Lots: 55
Total Occupancy: 16.0 %
Average MH Lot Rent: $225
Size: 10.6 acre(s)

Lot Information

Singlewide Lots: 55

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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