Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.1% (Actual)
- Listing ID: 497324
- Posted On: Dec 15, 2014
- Updated On: Apr 13, 2016
Description
BELOW MARKET RENT! Northeast Indiana 44 Sites! On-Site Apartment currently used as owner's residence which could be rented for additional income. Good Occupancy! Asphalt Roads in Good Condition! Off-Street Parking! On-Site Laundry Facility! On-Site Maintenance Personnel and Maintenance Building! City Water & Sewer Re-Billed to Residents! Financial Synopsis: 10.1% Cap Rate! 17.4% Cash on Cash Return! 28% Net Profit After Debt Service!
Contact Andria Strittmatter at 317.800.1840 or via email at mhp360@gmail.com for more information.
Amenities
- Laundromat
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 44 |
| Total Occupancy: | 91.0 % |
| Year Built: | 1968 |
| Average MH Lot Rent: | $252 |
| Size: | 6 acre(s) |
Lot Information
| Singlewide Lots: | 44 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
