76 space mobile home community located just south west f Lafayette Indiana. This property has 35 occupied spaces, and most of the remaining lots are filled with homes ready to be fixed up and rented or sold. Owner is selling to peruse other business opportunities. The community has its own well and sewer treatment systems. The water system was just updated in 2013, and the sewer system has been updated over the past several years. At the current space rent this park could have gross revenue of 236,000 yearly, not including the sales of the homes. The community has 3 rental homes. 2 are brick, with wood floors an each is 3 bedroom. One is frame, 2 bedroom. The community has a office, a container that houses the equipment we use to operate the community, and a large 3 bedroom double-wide used as the managers home. our model has been to rehab and sell the homes, though there is a huge demand for the homes to be rehabed and rented. Lafayette market space rent is in the low 300 range. The community comes with about 30 rehab homes. Please do not disturb tenants or manager, if you wish to see the property I will arrange a date and time to show you the property.
This property needs someone that can be pretty active on the completion of the homes. I have a local family needs that is keeping me from giving this park the attention it needs to be completed. I just replaced the water system and have made many upgrades to the sewer plant as well.
2 miles SW of 231