Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.2%
  • Property ID: 1521276
  • Posted On: Sep 24, 2021
  • Updated On: Jun 6, 2022

Property 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

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

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 %
Debt Info

Lot Information

Singlewide Lots: 92

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 2

Video

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