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Address is 2510 Sheridan Rd. Fort Wayne, IN 46803

Patrick Gillan

Antrim Group

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Sheridan Village

Mobile Home Park for Sale in Fort Wayne, Indiana

2510 Sheridan Rd.
Fort Wayne, IN 46803

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Sale Price: $400,000

Mobile Home Park for Sale

Number of MH Lots: 33
Size: 3 acre(s)
Purchase Method: Cash
Status: Active
Property ID: 995287
Posted on: Oct 03, 2018
Updated on: Oct 03, 2018
Price: $400,000

Property Description

Please Email inquiries.....33 Lots at $200/month Park is actually legal to have over 40 homes, but owner preferred less density. 25 are currently occupied. Residents pay their own electric. Water is submetered. Includes an office/laundry with an apartment that rents for $300. And A site-built home that rents for $500. Potential for much greater income, with addition of a few more homes. Park does not own the homes. Nice location, with a country setting, yet only 10 minutes to downtown Ft. Wayne. And 5 minutes to downtown New Haven. The Ft. Wayne area is experiencing growth, particularly in the downtown. Housing demand is strong and rents continue to increase. Current gross over $5000, and potential to increase by 30% or more. Seller financing may be considered with a possible premium on price, and 50% down payment.

Park Information

Number of MH Lots:33
Total Occupancy:70.0%
Average MH Lot Rent: $200
Size:3.0 acre(s)

Lot Information

Singlewide Lots:33
Doublewide Lots:0
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:0

Utility Information

Water Paid By: Tenant - Submetered

Park-Owned Homes

Number of Park-owned Homes:0

Amenities and Other

Laundromat: Yes
Storage: Yes