Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, New Loan
  • Property ID: 919070
  • Posted on Apr 14, 2018

Property Description

*****PRICE CHANGE*****

This is a beautiful mobile home park on 10.53 acres located just ten miles SW of Muncie, IN. The park is in a beautiful rural setting with mature trees, a quiet neighborhood, and in the popular Daleville school system. The park currently has 16 pads, but could easily be increased to 29 pads should the new owner wish to increase the septic capacity (Already 29 pads on the property.) In addition to the MHP it also comes along with a 1,980 sq. ft. rental house, 24x40 pole barn, well house, paved streets, and a storm shelter. The owner has lived on site so the park has been well managed and maintained with strict rules and regulations. The majority of residents who live in this park are aged 50+. The park currently has 13 out of its 16 pads leased with quality long-term tenants. Current owner will serve as a consultant and help train new owner or manager.

Current rent $210 could be raised. (Includes water, trash, sewer)
Gas & Electricity direct billed to the tenants.
Park has its own well and septic system.
All permits and licenses are current and in good standing.
All homes are tenant owned.

*****5 additional acres could be purchased along with the property.*****


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Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 81.0 %
Year Built: 1971
Average MH Lot Rent: $210
Size: 10.5 acre(s)

Lot Information

Singlewide Lots: 16
Park Model Lots: 0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $700

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