Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 11.0%
- Listing ID: 1540505
- Posted On: Oct 21, 2021
- Updated On: Dec 16, 2021
Description
47 Licensed Lots
2 Owner Occupied Lots @ $262
30 Park Owned @ $290Avg
10 Vacant Lots
1 Vacant (Park Owned)
6 Park Owned (needs work)
1 Tear Down
City Water/WWTP Sewer
Water is sub metered and billed back to the residents. New owner has the investment opportunity to renovate the vacant park owned homes and bring in homes to fill the vacant sites.
Location
Brookville is a town in Franklin County, Indiana. The town is the county seat of and the largest community entirely within Franklin County.
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Park Information
| Number of MH Lots: | 47 |
| Total Occupancy: | 68.0 % |
| Year Built: | 1975 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $218,169 |
| Operating Expense: | $84,625 |
| Net Operating Income: | $133,544 |
| Expense Ratio: | 38.8 % |
