Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Property ID: 1325765
  • Posted On: Sep 17, 2020
  • Updated On: Jan 4, 2021

Property 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

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

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 %
Debt Info

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 14

Video

Download Documents

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