Wisely Commercial Realty presents Ruby Hills MHC for sale. For more information go to our website www.wiselycr.com or click on the links below.

Offering Memorandum Link: https://www.crexi.com/properties/866340/indiana-ruby-hills-mhc?offeringMemorandum=download

Due Diligence Vault Link: https://www.crexi.com/properties/866340/indiana-ruby-hills-mhc?openDueDiligence=open

Communities Video: https://youtu.be/JSMPNdnaZ3U

PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Ruby Hills manufactured housing community located near Martinsville, IN. Ruby Hills is approved for 40 sites. 23 park owned homes come with the purchase, 10 which are vacant providing a new owner the opportunity to renovate and rent out the homes. The park is supplied with City water, the sewer is a private waste treatment plant.

INVESTMENT HIGHLIGHTS
• The community has a great location just West of town on top of the hill
• Opportunity to occupy the vacant homes and bring in homes and fill the vacant sites
• Seller Financing Available for Qualified Buyers
• Value-Add Opportunity

OFFERING SUMMARY
List Price: $995,000
IN-Place NOI: $90,009
In-Place Cap Rate: 9.05%
Proforma NOI: $122,419
Proforma Cap Rate: 12.30%
Price Per Site: $24,875
Total Approved Sites: 40
Occupied Paying Sites: 30
Economic Occupancy: 75%
Physical Occupancy: 92.5%
Park Owned Homes Included: 23