900 N PLUM ST Plymouth IN 46563-1134

Wisely Commercial Realty is pleased to offer for sale Maplewood Village manufactured housing community located in Plymouth, Indiana. Maplewood Village consists of 40 home spaces situated on 4.6 acres of land. The property is currently 95% occupied. The property is serviced by city water and city sewer. A new owner can come in and increase the lot rent. The property is currently $80 under the surrounding communities.

Community Video: https://youtu.be/wGsbMX56IMw

Offering Summary

List Price: $1,500,000

IN-Place NOI: $111,248

In-Place Cap Rate: 7.4%

Price Per Site: $37,500

Price Per Occ Site: $39,474

Total Sites: 40

Occupied Sites: 38

Occupancy: 95%

Total Park Owned Homes: 10

Land Size: 4.6 Acres

· City Water & City Sewer

· Located near a Super Wal-Mart

· Community Lot Rent is $80 under Comps

· Primarily Tenant Owned Community