Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 441047
  • Posted On: May 1, 2014
  • Updated On: May 10, 2015

Description

PRICE REDUCED TO $449,000 FROM $600,000!!!! MAKE OFFER!!!

13 CAP RATE / 31% CASH ON CASH RETURN

Principals Only. For sale by Owner. Very clean, well managed 32 sites + residential home on 3 acres next to Indiana Lake, resort area all sports lake. City sewer, well water. No rentals. 3 contract homes included in price. Very stable operating income and expenses for many years. NOI = $62,000. Rents can be increased. Long-term tenants. No deferred maintenance. Easy to manage. Serious inquiries only. Make offer! Ready to deal!

Location

Beautiful Indiana Lake Resort Area

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

Park Information

Community Type: All Age
Number of MH Lots: 33
Total Occupancy: 95.0 %
Year Built: 1970
Average MH Lot Rent: $249
Size: 3 acre(s)

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

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