Contact Information
Mobile Home Park Details
- Price: $2,025,000
- Purchase Method: Cash, New Loan
- Cap Rate: 10.3% (Actual)
- Listing ID: 6854974
- Posted On: Mar 26, 2025
- Updated On: Mar 26, 2025
Description
For more information please go to www.wiselycr.com
Introducing CRESCENT HILLS & WOODLAND MHC’s - Your Opportunity Awaits! Discover a lucrative investment in Logansport and Liberty, Indiana, with CRESCENT HILLS & WOODLAND manufactured housing communities. Boasting 61 combined sites for $2.5 million, this offering presents a stable income stream with a 10.0% cap rate and an 89% occupancy rate. Crescent Hills features 47 sites with city water and sewer, while Woodland offers 14 sites with city water and upgraded septic systems. With the potential to fill vacant homes and capitalize on high housing demand, this portfolio is a promising investment. Take advantage of this turnkey opportunity to own two desirable MHCs in Indiana. Build on the existing income and reimagine the community-owned homes for increased returns. Don't miss out - CRESCENT HILLS and WOODLAND are ready for the next discerning investor to make their mark!
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Purchase as a package or you can purchase separately.
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Crescent Hills $2,025,000
Woodland $475,000
Combined Price $2,500,000
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Crescent Hills Video: https://youtu.be/v6ruUc5-aDk?si=aq6hPDJ-jGeLAjLB
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Offering Memorandum Link: https://www.crexi.com/properties/1842848/indiana-crescent-hills-mhc?offeringMemorandum=download
Park Information
Number of MH Lots: | 47 |
Total Occupancy: | 91.0 % |
Financial Information (Actual)
Gross Income: | $298,567 |
Operating Expense: | $89,948 |
Net Operating Income: | $208,620 |
Expense Ratio: | 30.1 % |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | City |