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
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 65 |
Size: | 10 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Park |