Jennifer Stein Real Estate, Inc and out of state cooperating broker NMHC Group of KW Commercial are pleased to present Pine Hills located in Middlebury, Indiana. Pine Hills is a 130-site manufactured housing community that provides residents with attractive half-acre wooded homesites and convenient off-street parking. The community is comprised of 100 tenant-owned homes, 24 park-owned homes, and 1 employee-occupied home. Additionally, there are 3 new park-owned homes on order and 2 homes currently being refurbished. Beyond the primary site count, 32 resident-owned lots exist within the community but pay no fees and are therefore excluded from the total. Pine Hills is serviced by private utilities, while road maintenance is handled by the local municipality.

The property is located in Middlebury, Indiana, a charming small town known for its strong sense of community, scenic countryside, and ties to the region’s Amish heritage.

Situated just over 30 minutes from South Bend and within easy reach of Elkhart and Goshen, Middlebury offers residents a balance of rural tranquility and convenient access to nearby employment centers, schools, and retail amenities.

The community is offered at $8,500,000 (real estate value). Property is coming with 25 rental and inventory homes with NADA value of $1,244,102 and 52 notes receivable with an unpaid balance of $1,917,744 as of 10/1/25. Additionally, buyer will need to assume recourse obligation with 21st Mortgage for 12 notes receivable secured by homes located within the community – current unpaid balance of $255,345.

As always, this is a confidential sale. Please do not go to the community without setting up a showing appointment with the listing agents. If on site, do not under any circumstances speak with any tenants or employees. Please contact us for additional information.