COLONIAL COURT - ARGOS, INDIANA.

This manufactured housing community offers 92 mobile home sites meticulously maintained and upgraded by the current owner. Boasting a solid 99% occupancy rate, with 43 park-owned homes included, this property generates a combined IN-Place NOI of $628,736. Situated in a prime location with city water and sewer services, residents are directly billed for water, sewer, and trash, ensuring the community operates at a low expense ratio.

Check out the updated Offering Memorandum. Some of the park-owned homes were sold off, and we have an updated rent roll that accounts for the rent increase at the community.

Community Price: $5,500,000 (7% Cap Rate)
Park Owned Homes: $1,000,000
Total Purchase Price: $6,500,000

Listing Site: www.wiselycr.com

Community Video Link: https://youtu.be/509nrHaLuJo

Offering Memorandum Link: https://www.crexi.com/properties/2016000/indiana-colonial-court?offeringMemorandum=download

Due Diligence Vault Link: https://www.crexi.com/properties/2016000/indiana-colonial-court?openDueDiligence=open