Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.1%
- Listing ID: 1080920
- Posted On: May 13, 2019
- Updated On: Sep 3, 2019
Description
Wisely Commercial Realty and Fluhr Commercial Real Estate is pleased to offer for sale Harding MHC located in Henderson, Kentucky. Harding MHC consists of 154 approved home spaces situated on 54.78 acres of land. The property is serviced by city water and a city sewer. Currently only the newer section of the community (50 sites) is sub metered, a new operator has the opportunity to sub meter the old section (104 sites) and charge back the residents for water and sewer. A new operator has the ability to bring in new homes and fill the vacant sites.
For more information call Adam McNeil (317) 564-8339 or email armcneil@wiselycr.com
Community Video Link:
https://youtu.be/vECP-OnAxS0
Community Offering Memorandum Link:
https://www.crexi.com/properties/215295/kentucky-harding-mhc?offeringMemorandum=download
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 154 |
| Total Occupancy: | 66.0 % |
| Average MH Lot Rent: | $200 |
| Size: | 55 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $306,220 |
| Operating Expense: | $156,396 |
| Net Operating Income: | $149,824 |
| Expense Ratio: | 51.1 % |
Lot Information
| Singlewide Lots: | 154 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
