826 N LINCOLN AVE Rockport IN 47635-8611

Priority Management Manufactured Housing Community is a remarkable investment opportunity located at 826 North Lincoln, Rockport, IN 47635. This well-maintained community features 35 home spaces situated on 4.9 acres of land. With a list price of $249,000, it offers great value at just $7,114 per site. This manufactured housing community presents a lucrative value-add opportunity with an occupancy rate of 40%. It offers city water and sewer services, with water expenses directly billed to residents. With no park-owned homes and a low lot rent compared to surrounding communities, there is significant potential for increased revenue. The in-place net operating income (NOI) is $17,457, with a proforma NOI of $25,017. The property's proforma cap rate stands at an impressive 10.0%. Additionally, the land size of 4.9 acres provides room for future expansion and development. Don't miss out on this fantastic investment in Rockport, Indiana. Take advantage of the opportunity to acquire a thriving manufactured housing community. Contact us now to learn more about Priority Management Manufactured Housing Community and make it a part of your real estate portfolio.

· Value-Add Opportunity

· City Water & City Sewer, Directly Billed to Residents

· Priced at only $7,114 Per Site

· Lot Rent is below surrounding Communities