Contact Information

Mobile Home Park Details

  • Price: $1,075,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.0%
  • Property ID: 1129192
  • Posted On: Sep 3, 2019
  • Updated On: Nov 5, 2019

Property Description

Wisely Commercial Realty is pleased to offer for sale Big Cedar MHC located in Brookville, Indiana. Big Cedar MHC consists of 47 approved home spaces situated on 8.817 acres of land. The property is serviced by city water and a waste treatment plant. The water is submetered and is billed back to the residents. A new operator has the ability to renovate the vacant park owned homes and bring in homes and fill the vacant sites.

Go to http://www.wiselycr.com/available/ for the OM.

Big Cedar MHC Community Video Link:
https://youtu.be/XBlGwtsxA_E

Community Offering Memorandum Link:
https://www.crexi.com/properties/245002/indiana-big-cedar-mhc?offeringMemorandum=download

Adam McNeil armcneil@wiselycr.com (317) 564-8339

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

Park Information

Number of MH Lots: 47
Total Occupancy: 68.0 %
Year Built: 1975
Size: 8.8 acre(s)

Financial Information (Actual)

Gross Income $200,311
Operating Expense $79,191
Net Operating Income $121,120
Expense Ratio 39.5 %
Debt Info

Lot Information

Singlewide Lots: 47

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 33

Download Documents

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