53586 COUNTY ROAD 27 Bristol IN 46507-9568

Wisely Commercial Realty is pleased to offer for sale Bristol Estates MHC located in Bristol, Indiana. This is a rare opportunity to acquire 72 mobile home sites and 4 apartment units. The owner has done a great job improving the property over the past few years and is ready for the next owner to complete maximizing the potential the property offers. The community is situated on the east side of Bristol in the thriving Elkhart County. The property is serviced by well water and private sewer. All the occupied homes are owned by the residents.

Community Video: https://youtu.be/zB0fgsByYxc

Total Price: $2,775,000

IN-Place NOI: $245,057

IN-Place Cap Rate: 8.83%

Price Per Unit: $36,513

MHC Sites: 72

Apartment Units: 4

Total Units: 76

Occupancy: 75%

· Located in the thriving Elkhart County

· All Resident Owned Homes in the Community

· Four Apartment Units Included

· Third Party Management In-Place