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Indiana Portfolio

Mobile Home Park for Sale in Indiana

Somewhere in Indiana

This Mobile Home Park is Off Market

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Mobile Home Park for Sale

Number of MH Lots: 216
Size: 43.5 acre(s)
Status: Off Market
Property ID: 798907
Posted on: Mar 30, 2017
Updated on: Sep 12, 2017

Property Description

Colliers Manufactured Housing Group is pleased to present a rare opportunity to acquire a 3 Property Portfolio in Indiana consisting of:

• 216 total home sites, 4 stick built homes consisting of 6 apartment units, 3 communities

• Significant opportunity to increase occupancy and net income through lease up

• Rare opportunity to own 216 home sites in a major MSA with population exceeding 2MM

• Enjoy the benefits of management efficiencies; properties are less than 90 minute drive time

• Combined owner reported 2016 NOI is above $150,000 with the opportunity to achieve over $535,000 once stabilized

• Strong in place average rents are at market and strong demand to rent homes, owners are actively renting home sites

Check out the Indiana Portfolio website for the full offering memorandum: http://colliersmanufacturedhousing.listinglab.com/IndianaPortfolio/

Russ Williamson 614.329.1922 russ.williamson@colliers.com

Broker of Record: 241 N. Pennsylvania Street Suite 300, Indianapolis, IN 46204

Please contact Russ Williamson at 614-329-1922 for further details.

Park Information

Number of MH Lots:216
Total Occupancy:43.0%
Size:43.5 acre(s)

Financial Information (Actual)

Gross Income$447,918
Operating Expense$295,654
Net Operating Income$152,264
Expense Ratio 66.0%
Debt Info

Lot Information

Singlewide Lots:198
Doublewide Lots:18

Utility Information

Water:City
Water Paid By: Tenant - Individual Service
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:60