Property History
PRICED REDUCED NOW $699,000
Wisely Commercial Realty is pleased to offer for sale Converse manufactured housing community located in Converse, Indiana. Converse consists of 45 home spaces situated on 4.5 acres of land. Residents enjoy spacious lots, city utilities and individual trash containers. The property is serviced by municipal water and sewer, water is sub metered and billed back to the residents. Included in the sale is six 2021 Adventure mobile homes.
Community Video: https://youtu.be/JusyGf232Lo
Offering Summary
Price: Was $750,000 Now $699,000
Community NOI: $27,283
In-Place Cap Rate: 6.1%
Proforma Cap Rate: 10.2%
Price Per Site: $16,667
Total Sites: 45
Occupied Sites: 12
Occupancy: 27%
Total Park Owned Homes: 12
Land Size: 4.5 Acres
City Water & City Sewer, Residents are Sub metered
Half of the community water lines were replaced five years ago
Six, 2021 mobile homes included
Opportunity to fill vacant sites
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
Rental Market Overview
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