https://estersonmhcteam.com/property/indian-meadow-mhp
Indian Meadow MHP, a 16-lot, manufactured home community that’s 100% occupied and located in Winsted, CT. Just 11 miles from the center of Torrington, CT and 27 miles from the center of Hartford, CT.
The community is comprised of 16 MH lots and 1 used car lot that has 20 years left on the lease. Of the 16 MH lots, there are 6 tenant owned at $400 lot rent avg, 10 park owned homes with an average payment of $200 over top of lot rent. The used car lot is leased for
$1,300 a month and has a 10% increase every 4 years.
Current lot rents at $400 AVG is a little low considering homes for sale in other parks within 30-45 minutes are selling for well over $125,000. Indian Meadow MHP is on public water & public sewer, which are paid for by the park currently, the new owner could bill those charges back to tenants. The park is also responsible for paying the tenants trash expense.
We are offering investors the opportunity to purchase a stabilized, cash-flowing investment property. The online auction will be November 9-11th, on the Real Insight Marketplace platform. We are asking investors to go through the necessary steps to get signed up for the auction.
