Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 3988632
  • Posted On: Nov 13, 2023
  • Updated On: May 23, 2024


Priority Management Manufactured Housing Community is a remarkable investment opportunity located at 826 North Lincoln, Rockport, IN 47635. This well-maintained community features 35 home spaces situated on 4.9 acres of land. With a list price of $249,000, it offers great value at just $7,114 per site. This manufactured housing community presents a lucrative value-add opportunity with an occupancy rate of 40%. It offers city water and sewer services, with water expenses directly billed to residents. With no park-owned homes and a low lot rent compared to surrounding communities, there is significant potential for increased revenue. The in-place net operating income (NOI) is $17,457, with a proforma NOI of $25,017. The property's proforma cap rate stands at an impressive 10.0%. Additionally, the land size of 4.9 acres provides room for future expansion and development. Don't miss out on this fantastic investment in Rockport, Indiana. Take advantage of the opportunity to acquire a thriving manufactured housing community. Contact us now to learn more about Priority Management Manufactured Housing Community and make it a part of your real estate portfolio.

Community Video:

List Price: $249,000
IN-Place NOI: $17,457
Proforma NOI: $25,017
Proforma Cap Rate: 10.0%
Price Per Site: $7,114
Price Per Occupied Site: $17,786
Total Sites: 35
Occupied Sites: 14
Occupancy: 40%
Total Park Owned Homes: 0
Land Size: 4.9 Acres

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Park Information

Community Type: All Age
Number of MH Lots: 35
Total Occupancy: 40.0 %
Size: 5 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City


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