Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.2%
- Listing ID: 1686757
- Posted On: Jun 7, 2022
- Updated On: Mar 28, 2023
Description
For more information please go to www.wiselycr.com
Community Video: https://youtu.be/JfBE6JkqkOE
Offering Memorandum Link: https://www.crexi.com/properties/837380/indiana-337-mhc?offeringMemorandum=download
PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale 337 MHC located in Orleans, Indiana. Orleans is located approximately 40 miles south of Bloomington and approximately 50 miles NW of Louisville, KY. 337 MHC consists of 48 approved home spaces, a single-family home and 16 Tiny Homes. The community is situated on 7.68 acres of land. The property is serviced by City Water and City Sewer and is sub metered and billed back to the Residents.
INVESTMENT HIGHLIGHTS
• Stable Community with upside increasing rents
• City Water & City Sewer
• 16 2021 Built Tiny Homes Included
• Located approximately 40 Miles from Bloomington, IN
Park Information
| Number of MH Lots: | 62 |
| Total Occupancy: | 100.0 % |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $424,029 |
| Operating Expense: | $158,517 |
| Net Operating Income: | $265,512 |
| Expense Ratio: | 37.4 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
