Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 1129192
- Posted On: Sep 3, 2019
- Updated On: Jun 16, 2020
Description
Wisely Commercial Realty is pleased to offer for sale Big Cedar MHC located in Brookville, Indiana. Big Cedar MHC consists of 47 approved home spaces situated on 8.817 acres of land. The property is serviced by city water and a waste treatment plant. The water is submetered and is billed back to the residents. A new operator has the ability to renovate the vacant park owned homes and bring in homes and fill the vacant sites.
Go to http://www.wiselycr.com/available/ for the OM.
Big Cedar MHC Community Video Link:
https://youtu.be/XBlGwtsxA_E
Community Offering Memorandum Link:
https://www.crexi.com/properties/245002/indiana-big-cedar-mhc?offeringMemorandum=download
Adam McNeil armcneil@wiselycr.com (317) 564-8339
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 47 |
| Total Occupancy: | 68.0 % |
| Year Built: | 1975 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $200,311 |
| Operating Expense: | $79,191 |
| Net Operating Income: | $121,120 |
| Expense Ratio: | 39.5 % |
Lot Information
| Singlewide Lots: | 47 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Treatment Plant |
