Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Land: This is land for developing a mobile home park
- Cap Rate: 0.0%
- Listing ID: 4193399
- Posted On: Dec 22, 2023
- Updated On: Feb 16, 2024
Description
This is an opportunity to purchase a former MHP that is now 100% vacant. All of the trailers have been removed from the premises. This is an opportunity for you to develop your own MHP with zoning being already approved. It was last licensed and operated as a 56-pad MHP.
The water is currently from an onsite well, but public water is relatively close. The park needs to be completely re-piped. The road is paved and the seller considers the road to be in "OK" condition. The park is on public sewer but needs a new lift station. If you don't hook up to public water the property will need two new well pumps. There is still "some" electrical wiring and pedestals on the property but the seller is recommending this to be completely replaced.
There is an office on-site that has been roughly 50% remodeled at this point.
Seller will consider seller-financing offers with a minimum down payment of $50,000.
Jonathan Fisher is a licensed realtor in the State of Indiana under license #RB18000549.
Location
Marion is a city in Grant County, Indiana. The population was 29,948 as of the 2010 United States Census. The city is the county seat of Grant County.
The city is home to Indiana Wesleyan University, the largest evangelical Christian university in the Midwest and Indiana's largest private university, when online and regional campuses in Indiana, Kentucky, Ohio, and Illinois are included. The traditional campus enrolls about 2,800 students
Marion is:
52 Miles SW of Fort Wayne, IN
73 Miles E of West Lafayette, IN
85 Miles NE of Indianapolis, IN
127 Miles NW of Dayton, OH
174 Miles SE of Chicago, IL
Park Information
| Number of MH Lots: | 56 |
| Total Occupancy: | 0.0 % |
| Average MH Lot Rent: | $0 |
| Size: | 13 acre(s) |
Financial Information (Actual)
| Gross Income: | $0 |
| Operating Expense: | $0 |
| Net Operating Income: | $0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |
