Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 1325765
- Posted On: Sep 17, 2020
- Updated On: Jan 4, 2021
Description
If you would like to learn more please click on these links for the community video and Offering Memorandum.
Community Video: https://youtu.be/FVqyeYCEt6g
Offering Memorandum Link: https://www.crexi.com/properties/471733/indiana-stoney-creek-estates-mhc?offeringMemorandum=download
Listing Site: www.wiselycr.com
PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Stoney Creek Estates MHC located in Zanesville, Indiana. Stoney Creek MHC consists of 36 approved home spaces home situated on 13.88 acres of land. The property is serviced by well water and city sewer. A new owner can come in and either sell or rent out the two inventory homes. Lot rent is only $205 per month which is below the surrounding communities.
INVESTMENT HIGHLIGHTS
• Opportunity to occupy the inventory homes
• City Sewer
• Opportunity to increase Lot Rent
Park Information
| Number of MH Lots: | 36 |
| Total Occupancy: | 78.0 % |
| Average MH Lot Rent: | $205 |
| Size: | 14 acre(s) |
Financial Information
| Gross Income: | $122,203 |
| Operating Expense: | $47,481 |
| Net Operating Income: | $74,722 |
| Expense Ratio: | 38.9 % |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
