Mobile Home Park Details

  • Cap Rate: 7.4%
  • Listing ID: 2098203
  • Posted On: Mar 1, 2023
  • Updated On: Jun 21, 2023


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Offering Memorandum Link:

Community Video:

Wisely Commercial Realty is pleased to offer for sale Maplewood Village manufactured housing community located in Plymouth, Indiana. Maplewood Village consists of 40 home spaces situated on 4.6 acres of land. The property is currently 95% occupied. The property is serviced by city water and city sewer. A new owner can come in and increase the lot rent. The property is currently $80 under the surrounding communities.

List Price: $1,500,000
IN-Place NOI: $111,248
In-Place Cap Rate: 7.4%
Price Per Site: $37,500
Price Per Occ Site: $39,474
Total Sites: 40
Occupied Sites: 38
Occupancy: 95%
Total Park Owned Homes: 10
Land Size: 4.6 Acres


Plymouth, IN

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Park Information

Number of MH Lots: 40
Total Occupancy: 95.0 %
Size: 46 acre(s)

Financial Information (Actual)

Gross Income: $156,497
Operating Expense: $45,249
Net Operating Income: $111,248
Expense Ratio: 28.9 %

Lot Information

Singlewide Lots: 40

Utility Information

Water: City
Water Paid By: Park
Sewer: City


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