Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.2% (Actual)
- Listing ID: 1521276
- Posted On: Sep 24, 2021
- Updated On: Jun 6, 2022
Description
For more information go to www.wiselycr.com or click on the links below.
Community Video: https://youtu.be/REao-sJ190Y
Offering Memorandum Link: https://www.crexi.com/properties/677615/indiana-ponderosa-campground-ponderosa-mhc?offeringMemorandum=download
Due Diligence Vault Link: https://www.crexi.com/properties/677615/indiana-ponderosa-campground-ponderosa-mhc?openDueDiligence=open
PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Ponderosa Campground & Ponderosa MHC located in North Webster, Indiana. Ponderosa Estates consists of 20 approved manufactured home spaces and 69 campsites situated on 35 acres of land. This community has a fantastic location, just South of North Webster and located on The Backwaters. The property is serviced by Well and Septic. A new owner can come in fill the vacant sites and increase lot rent to increase cash flow. First time this property has ever been listed for sale. 
INVESTMENT HIGHLIGHTS
•	Stable Community with 91% occupancy, with opportunity to fill vacant homes
•	Family owned, First time this property has ever been for sale
•	Opportunity to increase cash flow by raising Lot Rent
•	Quality Property, Pride of Ownership shows when you visit
Park Information
| Number of MH Lots: | 92 | 
| Total Occupancy: | 91.0 % | 
| Year Built: | 1975 | 
| Size: | 35 acre(s) | 
Financial Information (Actual)
| Gross Income: | $261,895 | 
| Operating Expense: | $90,518 | 
| Net Operating Income: | $171,377 | 
| Expense Ratio: | 34.6 % | 
Lot Information
| Singlewide Lots: | 92 | 
Utility Information
| Water: | Well | 
| Water Paid By: | Park | 
| Sewer: | Septic | 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
