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Mobile Home Park Details

  • Price: $1,975,000
  • Cap Rate: 7.7% (Actual)
  • Listing ID: 6954321
  • Posted On: Jul 30, 2025
  • Updated On: Jul 30, 2025

Description

Introducing Lake Arthur Manufactured Housing Community in Remington, Indiana! Priced at $1,975,000, this property features 56 mobile home sites with city water and sewer service. With an In-Place NOI of $151,973 and a Cap Rate of 7.69%, this is a lucrative investment opportunity. Strategically located just off I-65, 30 minutes north of Lafayette, this community includes 12 park-owned homes, providing immediate income potential. The chance to increase cash flow by filling vacant sites with new or used homes makes this property a promising venture. City Don't miss out on the potential of Lake Arthur - seize this opportunity to invest in a thriving market and reap the rewards of owning a successful manufactured housing community in a prime location.

Community Video: https://youtu.be/HKP8fUTkRLg?si=4DGyFvppPIMv5vsl

Go to www.wiselycr.com for the OM and other information

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Park Information

Number of MH Lots: 56
Total Occupancy: 59.0 %
Year Built: 1980
Size: 35 acre(s)

Financial Information (Actual)

Net Operating Income: $151,973

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Video

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