Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.5%
- Listing ID: 1325766
- Posted On: Sep 17, 2020
- Updated On: Mar 24, 2021
Description
For more information call Adam McNeil (317) 564-8339 or email armcneil@wiselycr.com
Community Video Link: https://youtu.be/42ffpGW_-9M
Community Offering Memorandum Link: https://www.crexi.com/properties/470918/kentucky-paradise-park-mhc?offeringMemorandum=download
PROPERTY OVERVIEW
Wisely Commercial Realty and Fluhr Commercial Real Estate is pleased to offer for sale Paradise Park MHC located in Radcliff, Kentucky. Paradise Park MHC consists of 98 approved home spaces situated on 18.04 acres of land. The property is serviced by city water and a city sewer, the city direct bills the residents for their usage. Rare opportunity to find a 100-unit community with in-fill potential.
INVESTMENT HIGHLIGHTS
• City Water & Sewer (Direct Billed to Residents)
• Value-Add In-Fill Opportunity
• Walmart Super-center Located within one mile of the Community
• Opportunity to Increase Lot Rent
Park Information
| Number of MH Lots: | 98 |
| Total Occupancy: | 52.0 % |
| Size: | 18 acre(s) |
Financial Information (Actual)
| Gross Income: | $250,027 |
| Operating Expense: | $79,479 |
| Net Operating Income: | $170,548 |
| Expense Ratio: | 31.8 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
