Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.1%
  • Listing ID: 497324
  • Posted On: Dec 15, 2014
  • Updated On: Apr 13, 2016

Description

BELOW MARKET RENT! Northeast Indiana 44 Sites! On-Site Apartment currently used as owner's residence which could be rented for additional income. Good Occupancy! Asphalt Roads in Good Condition! Off-Street Parking! On-Site Laundry Facility! On-Site Maintenance Personnel and Maintenance Building! City Water & Sewer Re-Billed to Residents! Financial Synopsis: 10.1% Cap Rate! 17.4% Cash on Cash Return! 28% Net Profit After Debt Service!

Contact Andria Strittmatter at 317.800.1840 or via email at mhp360@gmail.com for more information.

Amenities

  • Laundromat
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 44
Total Occupancy: 91.0 %
Year Built: 1968
Average MH Lot Rent: $252
Size: 6 acre(s)

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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