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

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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

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