Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.9%
- Listing ID: 1919722
- Posted On: Oct 27, 2022
- Updated On: Feb 8, 2023
Description
For more information go to www.wiselycr.com or click on the following links.
Link to Offering Memorandum: https://www.crexi.com/properties/962465/indiana-country-square-estates?offeringMemorandum=download
Community Video Link: https://youtu.be/hAwibDp6Iw8
Wisely Commercial Realty is pleased to offer for sale Country Square Estates and Oak Street manufactured housing communities located in Columbia City, Indiana. Both communities are located approximately one mile from each other, the current owner operates both communities as one under Country Square Estates. The properties are serviced by municipal water and sewer, the water and sewer is direct billed to the residents.
Country Square Estates consists of 20 approved mobile home spaces and 1 apartment building that has two units. 4 of the sites are not usable. Oak Street consists of 14 approved mobile home spaces.
Park Information
Number of MH Lots: | 35 |
Total Occupancy: | 71.0 % |
Size: | 8 acre(s) |
Financial Information (Actual)
Gross Income: | $115,731 |
Operating Expense: | $53,043 |
Net Operating Income: | $62,688 |
Expense Ratio: | 45.8 % |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |