Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 1714791
- Posted On: Jul 18, 2022
- Updated On: Jul 29, 2022
Description
This park is to be sold at PUBLIC AUCTION - WEDNESDAY, AUG 3RD AT 6:00 PM. - Price listed is a suggested price. The park may sell for more or less depending on the outcome of the bidding. Park consists of a 33-pad mobile home park with approximately 31 mobile homes. Approximately 11 of the mobile homes are being sold to occupants on land contract. The contract balance is approximately $114,000.00. Additionally, there are 10 mobile homes in the park that are owned by the occupant which pay lot rent. An additional 10 mobile homes are owned by the park and are currently vacant. A duplex is also located on the property which features a 2 bd and 3bd units. Inspect - Arrange Financing and Come Prepared to Bid Your Price on Auction Day. This property has a tremendous upside potential. - Auction Lic # AU19600168
Location
The park is located 30 miles West of Fort Wayne in the town of North Manchester in Wabash Co. Additionally, the park is located near Manchester University.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 50.0 % |
| Year Built: | 19 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $100,208 |
| Operating Expense: | $31,655 |
| Net Operating Income: | $68,553 |
| Expense Ratio: | 31.6 % |
Lot Information
| Singlewide Lots: | 33 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $450 |
