Contact Information

Mobile Home Park Details

  • Price: $1,700,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1317204
  • Posted On: Sep 2, 2020
  • Updated On: Sep 2, 2020

Property Description

Equity Trust Commercial is proud to present Honeysuckle Mobile Home Park.​ This manufactured housing community, located in Shepherdsville, KY, consists of 80 total lots, with 50 occupied sites.​ This offering represents a solid opportunity for an operator to realize immediate upside through increasing rents to market, filling vacant lots, and improving operational efficiencies.​

8 miles south of Louisville's outer beltway (16th Largest US City)
Area features several large ecommerce distribution centers including: Amazon, Best Buy, UPS, Gamestop, GeekSquad, and more - Map of Distribution Centers available

Lot Rents are undermarket at $254. Average Lot Rent: $333 - List of Comps available

Opportunity to increase occupancy by 37%!

City Water / City Sewer

Off-Street Parking

24 occupied POHs / 12 vacant

Take a tour of the park on Youtube: https://youtu.be/LJE0OFPtWuc

Location

Just eight miles south of Louisville’s outer beltway via the I-265 (the Gene Snyder Expressway), the property benefits from a strong economy and growing population of Louisville.​ Louisville is the 16th largest US city, centrally located, and situated within one days drive of 50% of the US population.​

Honeysuckle MHP is situated in the path of progress being in one of the top ten counties in the state for population growth.​ With over 5 million square feet of commercial and industrial space, and the UPS overnight hub at the Louisville Airport, Bullitt County is a major distribution point for the country with companies such as Amazon, Best Buy, Zappos, and UPS all having distribution warehouses within 5 miles of the park.​

Additionally, companies such as Walmart, Jim Beam, and New Flyer of America (NFI Group Inc.​, the largest bus manufacturer in North America) have invested a combined $245 million over the last several years in expanding facilities in the area, resulting in over 900 new jobs.​ (Sources: NFI Group , Jim Beam , Walmart , Bullitt County Economic Development Authority)

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

Park Information

Community Type: All Age
Number of MH Lots: 80
Total Occupancy: 63.0 %
Year Built: 1990
Average MH Lot Rent: $254
Size: 8 acre(s)

Lot Information

Singlewide Lots: 80

Utility Information

Water: City
Water Paid By: Tenant - RUBs
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 24
Average Rent for Park-owned Homes: $342

Video

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