Contact Information

Mobile Home Park Details

  • Price: $1,200,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.2%
  • Property ID: 1236385
  • Posted On: Mar 30, 2020
  • Updated On: Jul 16, 2020

Property Description

FOR THE OFFERING MEMORANDUM CLICK HERE: https://www.crexi.com/properties/334759/indiana-atlanta-mhc?offeringMemorandum=download

LISTING WEBSITE: WWW.WISELYCR.COM

PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Atlanta MHC located in Atlanta, Indiana. Atlanta MHC consists of 61 approved home spaces and a single family home situated on 6.6 acres of land. The property is serviced by city water and city sewer. The water and sewer is master metered and paid by the Landlord. A new operator has the ability to build out the 36 approved expansion sites. Rare to find a community in Hamilton County that is available for sale.

INVESTMENT HIGHLIGHTS
• Located just north of Indianapolis
• Hamilton County wealthiest county in Indiana
• 36 approved expansion sites
• City Water and City Sewer that can be Sub-metered

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

Park Information

Number of MH Lots: 61
Total Occupancy: 96.0 %
Size: 7 acre(s)

Financial Information

Net Operating Income $53,992
Debt Info

Lot Information

Singlewide Lots: 61

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 15

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