Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 865933
- Posted On: Oct 6, 2017
- Updated On: Jan 15, 2018
Description
Wisely Commercial Realty is pleased to offer for sale Lake Cicott Shores located in Logansport, Indiana. Lake Cicott Shores consists of 30 developed mobile home spaces, 2 apartment units, 1 2-bedroom house and an office situated on 32.25 acres of land.
The current sewage system was not able to accommodate the community when the park was occupied with homes. Two mobile homes will remain at Lake Cicott Shores. One is a rental home, which is included in the sale, and one is an owner-occupied mobile home. The two apartment units and a 2-bedroom freestanding home are occupied and will be included in the sale.
For additional information please complete the CA and return to Adam McNeil armcneil@wiselycr.com or you can call 317-564-8339.
Amenities
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Number of MH Lots: | 30 |
Total Occupancy: | 16.0 % |
Size: | 32 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $28,370 |
Operating Expense: | $12,432 |
Net Operating Income: | $15,938 |
Expense Ratio: | 43.8 % |
Lot Information
Singlewide Lots: | 30 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |