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
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 |