Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.7%
  • Listing ID: 1331264
  • Posted On: Sep 29, 2020
  • Updated On: Jan 4, 2021

Description

Wisely Commercial Realty is pleased to offer for sale Hamilton County MHC located in Atlanta, Indiana. Hamilton County MHC consists of 25 developed home spaces and a single-family home situated on 6.6 acres of land. The Community also has 36 approved expansion sites that could be added by a new operator. The community has a total of 61 approved spaces. The property is serviced by city water and city sewer. The water and sewer are master metered and paid by the Landlord. Rare to find a community in Hamilton County that is available for sale.

INVESTMENT HIGHLIGHTS
• Located in Indiana’s most Affluent County
• City Water and City Sewer that can be Sub-Metered
• Large demand for Housing in the Area
• 36 Approved Expansion Sites for a Total of 61 Sites

Community Video: https://youtu.be/ZC_6ea6ODKc

Offering Memorandum: https://www.crexi.com/properties/480779/indiana-hamilton-county-mhc?offeringMemorandum=download

LISTING WEBSITE: WWW.WISELYCR.COM

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Park Information

Number of MH Lots: 26
Total Occupancy: 100.0 %
Size: 7 acre(s)

Financial Information (Actual)

Gross Income: $157,892
Operating Expense: $67,003
Net Operating Income: $90,888
Expense Ratio: 42.4 %

Lot Information

Singlewide Lots: 26

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Video

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