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 |
