Mobile Home Park Details
- Cap Rate: 7.4%
- Listing ID: 2098203
- Posted On: Mar 1, 2023
- Updated On: Jun 21, 2023
Description
For more information go to www.wiselycr.com or click on one of the following links:
Offering Memorandum Link: https://www.crexi.com/properties/1062838/indiana-maplewood-village?offeringMemorandum=download
Community Video: https://youtu.be/wGsbMX56IMw
Wisely Commercial Realty is pleased to offer for sale Maplewood Village manufactured housing community located in Plymouth, Indiana. Maplewood Village consists of 40 home spaces situated on 4.6 acres of land. The property is currently 95% occupied. The property is serviced by city water and city sewer. A new owner can come in and increase the lot rent. The property is currently $80 under the surrounding communities.
OFFERING SUMMARY
List Price: $1,500,000
IN-Place NOI: $111,248
In-Place Cap Rate: 7.4%
Price Per Site: $37,500
Price Per Occ Site: $39,474
Total Sites: 40
Occupied Sites: 38
Occupancy: 95%
Total Park Owned Homes: 10
Land Size: 4.6 Acres
Location
Plymouth, IN
Park Information
| Number of MH Lots: | 40 |
| Total Occupancy: | 95.0 % |
| Size: | 46 acre(s) |
Financial Information (Actual)
| Gross Income: | $156,497 |
| Operating Expense: | $45,249 |
| Net Operating Income: | $111,248 |
| Expense Ratio: | 28.9 % |
Lot Information
| Singlewide Lots: | 40 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
