Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.7%
- Listing ID: 1610544
- Posted On: Feb 22, 2022
- Updated On: Sep 7, 2022
Description
Wisely Commercial Realty is pleased to offer for sale Country Squire located in Daleville, Indiana. Country Squire consists of 16 approved home spaces, 1 Single Family Home and 1 storage barn situated on 15.59 acres of land. Daleville is right outside of Muncie, IN home of Ball State University. Great country location -- with close proximity to I-69 and just 1 hour from Downtown Indianapolis.
Stable community
Great RV interest
Opportunity to Fill the remaining Vacant Sites
5 + Acres of land—currently being farmed
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 87.5 % |
| Average MH Lot Rent: | $245,300 |
| Size: | 16 acre(s) |
Financial Information
| Gross Income: | $42,020 |
| Operating Expense: | $13,611 |
| Net Operating Income: | $28,409 |
| Expense Ratio: | 32.4 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
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