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Address is 14647 Graylan Place Noblesville, IN 46062

Adam Mcneil

Wisely Commercial Realty, Inc.

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Graylan Place

Mobile Home Community for Sale in Noblesville, Indiana

14647 Graylan Place
Noblesville, IN 46062

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Sale Price: $1,495,000

Contact Information

Adam Mcneil
Wisely Commercial Realty, Inc.

Mobile Home Park for Sale

Number of MH Lots: 37
Size: 5.5 acre(s)
Cap Rate: 7.8%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 880280
Posted on: Nov 20, 2017
Updated on: Nov 20, 2017
Price: $1,495,000

Property Description

Wisely Commercial Realty is pleased to offer for sale Graylan Place located in Noblesville, Indiana. Graylan Place consists of 21 approved mobile home spaces and 15 apartment units and a single-family home situated on 5.484 acres of land.

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The property is in Hamilton County, Indiana’s most desirable county to live in. Property is located on four lane road with traffic counts over 35,000 daily.

Hamilton County had an estimated population of 309,697 in 2015, the 4th largest county in the state. Noblesville is the 3rd largest city in the county having had an estimated population of 57,584 in 2015.

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Location Description

The subject property is located southwest of downtown Noblesville in Noblesville Township, Hamilton County, Indiana. Noblesville is located immediately north of Carmel and Indianapolis and serves as the Hamilton County seat. Its proximity to Indianapolis and the continuously expanding Carmel/Fishers suburban markets have contributed to long term and dynamic residential and commercial development within the community and surrounding southern Hamilton County submarkets. Over the past fifteen years Hamilton County has been the fastest growing county in the State of Indiana. Due to its location, Noblesville is influenced directly by activity within the Indianapolis MSA and has become recognized locally as an upper-middle income "bedroom" community serving Indianapolis.

Park Information

Number of MH Lots:37
Total Occupancy:68.0%
Average MH Lot Rent: $275
Size:5.5 acre(s)

Financial Information (Actual)

Gross Income$162,400
Operating Expense$45,503
Net Operating Income$116,897
Expense Ratio 28.0%
Debt Info

Lot Information

Singlewide Lots:37

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:0