Contact Information
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
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 |