Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1535551
- Posted On: Oct 13, 2021
- Updated On: Jan 10, 2022
Description
Property Highlights
- 74 spaces total (all spaces already developed)
- City Water (submetered for each tenant)
- City Sewer
- City electric direct billed
- City gas direct billed
- City picks up the Trash
- Located centrally in the city by shopping stores
- Tenants mow own lawns
- Tenants maintain all homes (park owned and tenant owned)
- All Single Wide homes
- Steady management in place
- Lot rent $225 (approximately $75 below local mh parks)
- Opportunity to immediately raise rents $75
- Opportunity to add more lots
- 65% Occupancy
- 23 Tenant Owned Homes, 27 park owned homes
- High rental demand in Louisville metro area
- Off market opportunity
Sorry, No Seller Financing. Email only please. Offering Memorandum available.
Location
Southern Indiana
Park Information
Community Type: | All Age |
Number of MH Lots: | 74 |
Total Occupancy: | 65.0 % |
Year Built: | 1984 |
Average MH Lot Rent: | $225 |
Lot Information
Singlewide Lots: | 74 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | City |