Contact Information

Mobile Home Park Details

  • Price: $399,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.6%
  • Property ID: 1542424
  • Posted On: Oct 25, 2021
  • Updated On: May 5, 2022

Property Description

Casino less than one minute from Park, just opened!

Nearby Land is Selling Fast!

$50,000 Price Reduction in total!!!

20 Licensed Lots

Expansion Possible!

5 Owner Occupied @ $300
9 Rentals @ $475avg

6 Vacant Lots

3Bedroom 1Bath House @ $600

City Water/City Sewer

Park Pays Utilities - Could be billed back!

Have A Park to Sell?
Contact Frank: 727-592-2418
Ask about our Pocket Listings:
Info@BirchRealty.com

Location

With a population of 76,010, Gary is a large metro city in Lake County, Indiana, United States, 25 miles from downtown Chicago, Illinois. Gary is adjacent to the Indiana Dunes National Park and borders southern Lake Michigan in the Chicago metropolitan area.

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

Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 70.0 %
Year Built: 1969
Average MH Lot Rent: $300
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $73,800
Operating Expense $35,463
Net Operating Income $38,337
Expense Ratio 48.1 %
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $475

Other Listings by Frank Principe See More

Similar Mobile Home Parks for Sale