7187 N STATE ROAD 337 Orleans IN 47452-9310

Wisely Commercial Realty is pleased to offer for sale Lost River Holdings located in Orleans, Indiana. Orleans is located approximately 40 miles south of Bloomington and approximately 50 miles NW of Louisville, KY. Lost River Holddings consists of 48 approved home spaces, a single-family home and 16 Tiny Homes and 2 RV lots. The community is situated on 7.68 acres of land. The property is serviced by City Water and City Sewer and is sub metered and billed back to the Residents.

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Community Video: https://youtu.be/JfBE6JkqkOE

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Offering Summary

Total Price: $3,200,000

NOI: $275,251

Cap Rate: 8.60%

MHC Sites: 48

Tiny Homes: 16

RV Lots: 2

Total Sites: 64

Occupied Sites: 63

Economic Occupancy: 98%

Total Park Owned Homes: 41

Single Family Home Included

· Stable Community with upside increasing rents

· City Water & City Sewer

· 16, 2021 Built Tiny Homes Included

· Located approximately 40 Miles from Bloomington, IN