Contact Information

Mobile Home Park Details

  • Price: $3,250,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.2%
  • Property ID: 1686757
  • Posted On: Jun 7, 2022
  • Updated On: Jun 7, 2022

Property Description

For more information please go to www.wiselycr.com

Community Video: https://youtu.be/JfBE6JkqkOE

Offering Memorandum Link: https://www.crexi.com/properties/837380/indiana-337-mhc?offeringMemorandum=download

PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale 337 MHC located in Orleans, Indiana. Orleans is located approximately 40 miles south of Bloomington and approximately 50 miles NW of Louisville, KY. 337 MHC consists of 48 approved home spaces, a single-family home and 16 Tiny Homes. The community is situated on 7.68 acres of land. The property is serviced by City Water and City Sewer and is sub metered and billed back to the Residents.

INVESTMENT HIGHLIGHTS
• Stable Community with upside increasing rents
• City Water & City Sewer
• 16 2021 Built Tiny Homes Included
• Located approximately 40 Miles from Bloomington, IN

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

Park Information

Number of MH Lots: 62
Total Occupancy: 100.0 %
Size: 8 acre(s)

Financial Information (Actual)

Gross Income $424,029
Operating Expense $158,517
Net Operating Income $265,512
Expense Ratio 37.4 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Video

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