Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Property ID: 1924083
  • Posted On: Nov 1, 2022
  • Updated On: Jan 31, 2023

Property Description

100% seller financing available for the right buyer!

These are two parks within a mile of each other in Peru, IN.

1) Hi & Dri Court - 501 W 10th St, Peru IN 46970
2) Park Ave Court - 23 S. Park Ave, Peru IN 46970

Every lot is on city water and city sewer.

The parks include several single family homes and also a two-unit apartment building.

The parks are low occupancy at 20% and in need of a turnaround. I am ONLY willing to 100% finance the buyer who can prove they have the experience and resources to get these parks profitable.

Lastly, there is a separate bank loan on each of these parks. An approved buyer will need to assume these loans, which shouldn't be a problem at all for a credit-worthy buyer.

Location

Peru, IN

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 50
Total Occupancy: 20.0 %
Year Built: 1970
Average MH Lot Rent: $300
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $48,514
Operating Expense $36,532
Net Operating Income $11,982
Expense Ratio 75.3 %
Debt Info

Lot Information

Singlewide Lots: 40
Doublewide Lots: 5
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: 10
Average Rent for Park-owned Homes: $200

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