This is a great opportunity to own a well-managed and mature mobile home park. Lakeview Mobile Home Park is nestled in rural Wabash, Indiana and sits on 11.35 acres of ground. This MHP consists of 44 lots with additional acreage that includes 17 additional platted lots ready to develop. Of the 44 lots, 3 lots are vacant, 2 lots have mobile homes currently being used for storage, but could be tidied up and occupied. 14 of the lots are owner-occupied units. 25 lots are “rent to own” units. Lot rent is currently at $245.00 per month and includes water/sewer/trash. “Rent to own” payments average $300.00 to $400.00 per month per unit. Additionally, an off-site home pays $40 per month for sewer service. The MHP is serviced by its own well and sewage treatment plant, which passes inspection each year and has just recently had a new blower installed.

The owners of this MHP have made substantial improvements to the MHP during their ownership. They have replaced about a 1000 feet of sewer pipe and are in the process of installing a central manhole to better service the lines. The owners have maintained very high standards for the tenants occupying the MHP. There are very few pets kept in the MHP. The tenants that occupy the park are long-term tenants and love the park. The owners are in the process of finishing up remodeling four additional units to bring on the market as “rent to own” units. The owners have an on-site property manager, maintenance person, and licensed profession for upkeep of the sewage treatment plant that is checked weekly and tested monthly. The owners additionally have established relationships with other service professionals ready to assist with any maintenance or operational needs of the MHP.

This is a great opportunity to invest in an existing, well-functioning MHP with a proven track record. Cash deals only. No owner financing for this purchase.