Contact Information
Mobile Home Park Details
- Price: $949,000
- Purchase Method: Cash, New Loan
- Cap Rate: 8.7% (Actual)
- Listing ID: 6813320
- Posted On: Jan 28, 2025
- Updated On: Jan 28, 2025
Description
For the link to the OM go to www.wiselycr.com
Introducing Shady Maple MHC, located at 1001 W 1st Street, Rushville, IN 46507. This exceptional property offers a unique investment opportunity with a 25-unit manufactured housing community in Rushville, Indiana. Boasting an IN-Place NOI of $82,646 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. The property benefits 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 Property: https://youtu.be/xs80nMKIgYE?si=KF93Edb5Lu_gFAkd
Investment Highlights
Located only 45 minutes East of Indianapolis
Stabile occupancy with the opportunity to increase rents
City Water & Sewer
Community down the road has lot rent $100 plus higher
Location
Rushville, IN
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 25 |
| Total Occupancy: | 84.0 % |
| Average MH Lot Rent: | $245 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $107,780 |
| Operating Expense: | $25,134 |
| Net Operating Income: | $82,646 |
| Expense Ratio: | 23.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
