Contact Information

Mobile Home Park Details

  • Price: $1,800,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.5%
  • Property ID: 1325766
  • Posted On: Sep 17, 2020
  • Updated On: Nov 17, 2020

Property 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

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

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 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Video

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