Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.7%
  • Property ID: 1331264
  • Posted On: Sep 29, 2020
  • Updated On: Jan 4, 2021

Property Description

Wisely Commercial Realty is pleased to offer for sale Hamilton County MHC located in Atlanta, Indiana. Hamilton County MHC consists of 25 developed home spaces and a single-family home situated on 6.6 acres of land. The Community also has 36 approved expansion sites that could be added by a new operator. The community has a total of 61 approved spaces. The property is serviced by city water and city sewer. The water and sewer are master metered and paid by the Landlord. Rare to find a community in Hamilton County that is available for sale.

INVESTMENT HIGHLIGHTS
• Located in Indiana’s most Affluent County
• City Water and City Sewer that can be Sub-Metered
• Large demand for Housing in the Area
• 36 Approved Expansion Sites for a Total of 61 Sites

Community Video: https://youtu.be/ZC_6ea6ODKc

Offering Memorandum: https://www.crexi.com/properties/480779/indiana-hamilton-county-mhc?offeringMemorandum=download

LISTING WEBSITE: WWW.WISELYCR.COM

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Park Information

Number of MH Lots: 26
Total Occupancy: 100.0 %
Size: 7 acre(s)

Financial Information (Actual)

Gross Income $157,892
Operating Expense $67,003
Net Operating Income $90,888
Expense Ratio 42.4 %
Debt Info

Lot Information

Singlewide Lots: 26

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 15

Video

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