Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 1399834
- Posted On: Mar 2, 2021
- Updated On: Jun 30, 2021
Description
Wisely Commercial Realty is pleased to offer for sale Bo-Mar MHC located in Westville, Indiana. Bo-Mar MHC consists of 35 approved home spaces situated on 3.7 acres of land. The property is serviced by City Water and City Sewer. A new owner can come in and fill the remaining few sites and increase the lot rents to add-value to the community. The community includes six park owned homes in the sale that are being sold on contract.
For more information please go to our website www.wisleycr.com or click on the following links:
OM: https://www.crexi.com/properties/557862/indiana-bo-mar-mhc?offeringMemorandum=download
DD Vault: https://www.crexi.com/properties/557862/indiana-bo-mar-mhc?openDueDiligence=open
Property Video: https://youtu.be/ZRBa-BbPN3k
Location
Westville, IN
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 35 |
| Total Occupancy: | 91.0 % |
| Average MH Lot Rent: | $300 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $135,533 |
| Operating Expense: | $49,076 |
| Net Operating Income: | $86,457 |
| Expense Ratio: | 36.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
