Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.6%
- Listing ID: 1542424
- Posted On: Oct 25, 2021
- Updated On: Jun 14, 2022
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 % |
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 |
