Contact Information

Mobile Home Park Details

  • Price: $1,075,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.9%
  • Property ID: 1686907
  • Posted On: Jun 8, 2022
  • Updated On: Jun 30, 2022

Property Description

For more information go to www.wiselycr.com

Community Video Link: https://youtu.be/W6o2TMpiyBo

Offering Memorandum Link: https://www.crexi.com/properties/837006/indiana-countryside-mhc?offeringMemorandum=download

PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Countryside MHC located in Bunker Hill, Indiana. Bunker Hill is located approximately 15 miles North of Kokomo. Countryside MHC consists of 45 approved home spaces and a single-family home. The community is situated on 5 acres of land. The property is serviced by City Water and City Sewer and is sub metered and billed back to the Residents. A new owner can come in and fill the remaining vacant sites.

INVESTMENT HIGHLIGHTS
• Stable Community where a new owner can continue filling the vacant sites
• City Water & City Sewer
• Largest Community in Bunker Hill
• Located approximately 15 miles North of Fort Kokomo

OFFERING SUMMARY
Community Price: $975,000
Park Owned Homes: $100,000
Total Price: $1,075,000
Community NOI: $67,430
Community Cap Rate: 6.9%
Price Per Site: $21,667
Approved Sites: 45
Economic Occupancy: 62% (28 Sites)
Total Park Owned Homes: 7
One Single Family Home Included

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Park Information

Number of MH Lots: 45
Total Occupancy: 62.0 %

Financial Information (Actual)

Gross Income $131,857
Operating Expense $64,427
Net Operating Income $67,430
Expense Ratio 48.9 %
Debt Info

Utility Information

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

Video

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