Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 1319797
- Posted On: Sep 7, 2020
- Updated On: Mar 2, 2021
Description
For more information please go to our website www.wisleycr.com or click on the following links:
OM Link: https://www.crexi.com/properties/462000/indiana-northgate-mhc?offeringMemorandum=download
DD Vault Link: https://www.crexi.com/properties/462000/indiana-northgate-mhc?openDueDiligence=open
Wisely Commercial Realty is pleased to offer for sale Northgate Manufactured Housing Community located in Plymouth, Indiana. Northgate MHC has 165 approved sites and is 47% occupied. The Community has City Water and City Sewer that is currently being paid for by the Landlord. A new operator can sub-meter and charge the water cost back to the residents.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 165 |
| Total Occupancy: | 47.0 % |
| Average MH Lot Rent: | $365 |
Financial Information (Actual)
| Gross Income: | $348,780 |
| Operating Expense: | $157,290 |
| Net Operating Income: | $191,490 |
| Expense Ratio: | 45.1 % |
Lot Information
| Singlewide Lots: | 165 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
