Contact Information
Stan Maxwell
Mobile Home Park Details
- Price: $1,395,000
- Purchase Method: Cash, Seller Financing, Assumable Loan
- Cap Rate: 8.4%
- Listing ID: 6694917
- Posted On: Aug 14, 2024
- Updated On: Oct 15, 2024
Description
68 Sites:
- 56 Developed
- Lot Rent - $375 Avg
- 29 Tenant Owned
- 8 Rentals
- 6 (For Sale Soon/Under Remodel)
-Nicely maintained park and well managed.
-Rental homes are new and in great condition. (2019)
-Seller Financing available!
To View Income/Expenses and Rent Roll Documents, please see attached files at bottom of page.
Location
Hamilton County, Indiana, has experienced remarkable growth and transformation over the past decade. And expected to reach 500,000 population making it the second largest county in Indiana. This steady growth has made Hamilton County a well sought after investment hub.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 68 |
| Total Occupancy: | 55.0 % |
| Year Built: | 1959 |
| Average MH Lot Rent: | $375 |
| Size: | 19 acre(s) |
Financial Information (Actual)
| Gross Income: | $199,930 |
| Operating Expense: | $81,911 |
| Net Operating Income: | $117,469 |
| Expense Ratio: | 41.0 % |
RV Information
| Number of RV Lots: | 1 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $900 |
Download Documents
- Rent Roll Western Estates Kokomo Simple Sites Status July 2024 PDF.pdf
- Western MHP Income and Expense 2023.pdf
