Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.8%
- Listing ID: 3729705
- Posted On: Sep 26, 2023
- Updated On: May 23, 2024
Description
For more information go to www.wiselycr.com
Community Video: https://youtu.be/zB0fgsByYxc
Offering Memorandum Link: https://www.crexi.com/properties/1277154/indiana-bristol-estates?offeringMemorandum=download
PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Bristol Estates MHC located in Bristol, Indiana. This is a rare opportunity to acquire 72 mobile home sites and 4 apartment units. The owner has done a great job improving the property over the past few years and is ready for the next owner to complete maximizing the potential the property offers. The community is situated on the east side of Bristol in the thriving Elkhart County. The property is serviced by well water and private sewer. All the occupied homes are owned by the residents.
INVESTMENT HIGHLIGHTS
• Located in the thriving Elkhart County
• All Resident Owned Homes in the Community
• Four Apartment Units Included
• Third Party Management In-Place
Park Information
Number of MH Lots: | 76 |
Total Occupancy: | 75.0 % |
Size: | 16 acre(s) |
Financial Information
Net Operating Income: | $245,057 |
Utility Information
Water Paid By: | Park |
Sewer: | Septic |