Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.1%
  • Listing ID: 123036
  • Posted On: Mar 13, 2012
  • Updated On: Nov 7, 2014

Description

15 YR LAND CONTRACT with a 25 year amortization, 32% Down Payment, 3% Interest Rate for 1st 5 years, 5% for 2nd 5 years and 6% for remaining 5 years, and a 15 year balloon! Built in 1973! NEVER BEEN ON THE MARKET BEFORE! One-Owner! Lot Rent is Below Market Rent at $160 per month! Seller estimates that rent could be raised by $40 per month. City Water, Sewer & Trash billed direct to residents! PVC Water Lines upgraded by City! Sewer Cleanouts are serviced by City! Concrete Roads in Good Condition!

Contact Andria Strittmatter at 317-800-1840 or mhp360@gmail.com for more information regarding this property.

Location

INDIANA

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Park Information

Community Type: All Age
Number of MH Lots: 65
Size: 10 acre(s)

Utility Information

Water: City
Water Paid By: Park

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