Contact Information

Mobile Home Park Details

  • Price: $3,500,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.9%
  • Listing ID: 6763160
  • Posted On: Nov 4, 2024
  • Updated On: Nov 4, 2024

Description

Listing Site: www.wiselycr.com .......Link Available to the OM

This exceptional property offers a unique investment opportunity with 287 self-storage units and a 25-unit manufactured housing community in Rushville, Indiana. Boasting an IN-Place NOI of $239,996 and a stable occupancy rate, this property is primed for growth with great potential for increased rents. Conveniently situated just 45 minutes east of Indianapolis, all four locations are within close proximity to each other, providing ease of management and operations. The properties benefit from city water and sewer services, enhancing their appeal and value. The current owner has made significant improvements, setting the stage for the next owner to maximize this property's potential. Don't miss out on this lucrative investment opportunity in the thriving Rush County area.

Video of the Properties: https://youtu.be/xs80nMKIgYE?si=KF93Edb5Lu_gFAkd

Offering Memorandum Link: https://www.crexi.com/properties/1701912/indiana-rush-county-storage-shady-maple-mhc?offeringMemorandum=download

Location

Rushville, IN

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Park Information

Community Type: All Age
Number of MH Lots: 312
Total Occupancy: 83.0 %

Financial Information (Actual)

Net Operating Income: $239,996

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Video

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