Contact Information

Mobile Home Park Details

  • Price: $1,169,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Property ID: 1399834
  • Posted On: Mar 2, 2021
  • Updated On: Mar 24, 2021

Property 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

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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 %
Debt Info

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 6

Video

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