Contact Information

Mobile Home Park Details

  • Price: $849,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 12.8%
  • Property ID: 1292945
  • Posted On: Jul 22, 2020
  • Updated On: Jul 22, 2020

Property Description

Offering Memorandum: https://www.crexi.com/properties/429303/indiana-lakeview-mhc?offeringMemorandum=download

Due Diligence Vault: https://www.crexi.com/properties/429303/indiana-lakeview-mhc?openDueDiligence=open

Community Video : https://youtu.be/SaxT3jH3jaU
Listing Website: www.wiselycr.com

PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Lakeview MHC located in Wabash, Indiana. Lakeview MHC consists of 42 approved home spaces home situated on 10.26 acres of land. The property is serviced by well water and a waste treatment plant. A new owner can come in and renovate the inventory homes and either sell them or rent them out. The 7 inventory homes rented at $550 per month would generate an additional $46,200 or rent per year.

INVESTMENT HIGHLIGHTS
• Waste Treatment Plant is operated by a licensed operator and is in good shape
• Opportunity to renovate and fill the inventory homes
• Strong Housing Demand in the Surrounding area

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

Park Information

Number of MH Lots: 42
Total Occupancy: 69.0 %
Size: 11 acre(s)

Financial Information (Actual)

Gross Income $153,366
Operating Expense $44,788
Net Operating Income $108,577
Expense Ratio 29.2 %
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Video

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