Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 1411905
- Posted On: Mar 24, 2021
- Updated On: Sep 24, 2021
Description
For more information please visit our website. www.wiselycr.com or click on the links below.
Community Video: https://youtu.be/PrF6Vj-cGZU
Offering Memorandum: https://www.crexi.com/properties/576461/indiana-rochester-mhc?offeringMemorandum=download
Due Diligence Vault: https://www.crexi.com/properties/576461/indiana-rochester-mhc?openDueDiligence=open
Wisely Commercial Realty is pleased to offer for sale Rochester MHC located in Rochester, Indiana. Rochester MHC consists of 66 approved home spaces situated on 9.3 acres of land. The property is serviced by City Water and City Sewer. A new owner can come in and fill the remaining sites and increase the lot rents to add value to the community. The community includes 17 park owned homes and a single-family home, some are sold on contract and some are rentals.
Location
Rochester, IN
Park Information
| Number of MH Lots: | 66 |
| Total Occupancy: | 74.0 % |
Financial Information
| Gross Income: | $235,763 |
| Operating Expense: | $99,272 |
| Net Operating Income: | $143,492 |
| Expense Ratio: | 42.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
