Contact Information

Mobile Home Park Details

  • Price: $2,199,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1342754
  • Posted On: Oct 19, 2020
  • Updated On: Oct 20, 2020

Property Description

Positioned in the highly sought after Louisville Metro Area, this is a package deal for 2 mobile home parks with a total of 74 lots, both parks are on city water and city sewer.

Highlights:

City Water (tenant submetered)
City Sewer
City Electric (direct billed by city)
City Gas (direct billed by city)
City Trash (picked up by city)
Tenants mow own grass and maintain own homes

The first park consists of 41 lots while the second park has 33 lots. Both parks have undergone considerable upgrades recently and have steady management in place. Rental demand is high and park owned homes are rented or sold immediately. Currently 46 lots are occupied with tenants. Mix of park owned and tenant owned homes. Current gross income is approximately $180,000 per year

VALUE ADD: Lot rents are currently about $50 LESS than the other MH parks in the area. Also there are approximately 6-9 park owned homes that can be easily rennovated and rented out or sold. Fill in vacant lots to maximize profits.

NO SELLER FINANCING. Email only Please.

Location

Southern Indiana Louisville Metro Area

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Park Information

Community Type: All Age
Number of MH Lots: 74
Total Occupancy: 63.0 %

Financial Information

Gross Income $180,000
Debt Info

Lot Information

Singlewide Lots: 74

Utility Information

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

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