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Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 11.1%
  • Listing ID: 282987
  • Posted On: Oct 1, 2012
  • Updated On: Feb 26, 2013

Description

Marcus & Millichap is pleased to present Black Creek Village Manufactured Home Community. Blackcreek is an 84 lot community situated on +-9.54 acres in Harlan, Indiana. Black Creek Village was constructed in the 1960's and contains all single-wide homes. The current average lot rent is $238 per month.

Harlan is located just north of Fort Wayne, Indiana's second largest city. Black Creek Village Manufactured Home Community has been a consistent part of Harlan since the 1960's and has always had stable historical occupancy.

Since 2000, there has been a steady increase in population and income. The current unemployment rate which is close to 6%, is well below the national average of 8.3%.

At this time, Black Creek Village is part of a portfolio sale and must be purchase with Grabill Estates Manufacture Home Community, which is located in nearby Grabill, Indiana, a distance of 4 miles. Dont miss this opportunity to own two (2) stable manufactured home communities just north of Fort Wayne, Indiana.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 84
Total Occupancy: 91.0 %
Year Built: 1960
Average MH Lot Rent: $238
Size: 0 acre(s)

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Tenant - Submetered

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $228

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