Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.2%
- Listing ID: 1521276
- Posted On: Sep 24, 2021
- Updated On: Jun 6, 2022
Description
For more information go to www.wiselycr.com or click on the links below.
Community Video: https://youtu.be/REao-sJ190Y
Offering Memorandum Link: https://www.crexi.com/properties/677615/indiana-ponderosa-campground-ponderosa-mhc?offeringMemorandum=download
Due Diligence Vault Link: https://www.crexi.com/properties/677615/indiana-ponderosa-campground-ponderosa-mhc?openDueDiligence=open
PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Ponderosa Campground & Ponderosa MHC located in North Webster, Indiana. Ponderosa Estates consists of 20 approved manufactured home spaces and 69 campsites situated on 35 acres of land. This community has a fantastic location, just South of North Webster and located on The Backwaters. The property is serviced by Well and Septic. A new owner can come in fill the vacant sites and increase lot rent to increase cash flow. First time this property has ever been listed for sale.
INVESTMENT HIGHLIGHTS
• Stable Community with 91% occupancy, with opportunity to fill vacant homes
• Family owned, First time this property has ever been for sale
• Opportunity to increase cash flow by raising Lot Rent
• Quality Property, Pride of Ownership shows when you visit
Park Information
Number of MH Lots: | 92 |
Total Occupancy: | 91.0 % |
Year Built: | 1975 |
Size: | 35 acre(s) |
Financial Information (Actual)
Gross Income: | $261,895 |
Operating Expense: | $90,518 |
Net Operating Income: | $171,377 |
Expense Ratio: | 34.6 % |
Lot Information
Singlewide Lots: | 92 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |