Contact Information

Mobile Home Park Details

  • Price: $100
  • Purchase Method: Cash, Seller Financing
  • Property ID: 1273117
  • Posted On: Jun 16, 2020
  • Updated On: Jul 16, 2020

Property Description

Listing Website: www.wiselycr.com has community video and link to the OM.

To obtain the Offerning Memorandum click on the following link: https://www.crexi.com/properties/399818/indiana-bremen-manufactured-housing-community?offeringMemorandum=download

Due Diligence Vault Link: https://www.crexi.com/properties/399818/indiana-bremen-manufactured-housing-community?openDueDiligence=open

Wisely Commercial Realty is pleased to offer for sale Bremen MHC located in Bremen, Indiana. Bremen MHC consists of 42 approved home spaces home situated on 10.26 acres of land. The property is serviced by city water and city sewer. The water and sewer are master metered and paid by the Landlord. A new operator can sub-meter the water and bill back to the residents. Seller Financing is available for qualified buyers.

Seller Financing Proposed Terms
Price: TBD by Purchaser
Down Payment: $175,000
Loan Term: 36 Months
Interest Rate: 10%
Year 1 Payments: Interest Only
Year 2 & 3 Payments: Amortized over 25 Years
Guarantee: Personal Guarantee required by Purchaser
Home In-Fill: Purchaser will be required to bring in at least 5 homes per year
Sub-Metering: Purchaser will be required to Sub-Meter within 12 Months

Location

Bremen, IN

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

Park Information

Community Type: All Age
Number of MH Lots: 42
Total Occupancy: 29.0 %
Year Built: 1970
Average MH Lot Rent: $200
Size: 10 acre(s)

Financial Information (Pro Forma)

Gross Income $165,564
Operating Expense $66,226
Net Operating Income $99,338
Expense Ratio 40.0 %
Debt Info None

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0

Video

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