Contact Information

Mobile Home Park Details

  • Price: $1,795,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Property ID: 1411905
  • Posted On: Mar 24, 2021
  • Updated On: May 3, 2021

Property 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

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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 %
Debt Info

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 17

Video

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