Contact Information

Mobile Home Park Details

  • Price: $3,795,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Property ID: 1319797
  • Posted On: Sep 7, 2020
  • Updated On: Nov 17, 2020

Property Description

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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.

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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 %
Debt Info

Lot Information

Singlewide Lots: 165

Utility Information

Water: City
Water Paid By: Park
Sewer: City


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