Contact Information

Mobile Home Park Details

  • Price: $699,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.1%
  • Listing ID: 4281200
  • Posted On: Jan 15, 2024
  • Updated On: Feb 1, 2024


For more information go to

COUNTRY SQUARE ESTATES MANUFACTURED HOUSING COMMUNITY FOR SALE Discover an incredible investment opportunity in the heart of Columbia City, Indiana. Presenting Country Square Estates, a thriving manufactured housing community located at 855 W Business 30 and 400 S Oak Street. This unique property offers two communities conveniently situated approximately one mile apart, creating a combined offering under the name Country Square Estates. With a total of 35 spaces, including 20 approved mobile home sites in Country Square Estates and 14 in Oak Street, this is a prime investment for astute buyers. Currently achieving an impressive in-place net operating income of $56,865 and a cap rate of 8.14%, the property boasts a strong financial performance. Additionally, the calculated year 1 net operating income of $105,081 and cap rate of 15.03% demonstrate promising returns on investment. Residents benefit from the convenience of city water and sewer services, directly billed by the municipality. With an average lot rent of $280, there is ample opportunity to increase income by filling vacancies and expanding home inventory. Don't miss your chance to acquire Country Square Estates - a profitable manufactured housing community in a sought-after location.

Link to Offering Memorandum:

Community Video Link:

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

Park Information

Community Type: All Age
Number of MH Lots: 35
Total Occupancy: 63.0 %
Year Built: 1970
Average MH Lot Rent: $280
Size: 8 acre(s)

Financial Information (Actual)

Gross Income: $110,081
Operating Expense: $53,216
Net Operating Income: $56,865
Expense Ratio: 48.3 %

Lot Information

Singlewide Lots: 35

Utility Information

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


Download Documents

Other Listings by Adam McNeil

Similar Mobile Home Parks for Sale