885 W BUSINESS 30 Columbia City IN 46725-8456

COUNTRY SQUARE ESTATES MANUFACTURED HOUSING COMMUNITY FOR SALE Discover an incredible investment opportunity in the heart of Columbia City, Indiana. Presenting Country Square Estates, a thriving manufactured housing community located at 855 W Business 30 and 400 S Oak Street. This unique property offers two communities conveniently situated approximately one mile apart, creating a combined offering under the name Country Square Estates. With a total of 35 spaces, including 20 approved mobile home sites in Country Square Estates and 14 in Oak Street, this is a prime investment for astute buyers. Currently achieving an impressive in-place net operating income of $56,865 and a cap rate of 8.14%, the property boasts a strong financial performance. Additionally, the calculated year 1 net operating income of $105,081 and cap rate of 15.03% demonstrate promising returns on investment. Residents benefit from the convenience of city water and sewer services, directly billed by the municipality. With an average lot rent of $280, there is ample opportunity to increase income by filling vacancies and expanding home inventory. Don't miss your chance to acquire Country Square Estates - a profitable manufactured housing community in a sought-after location.

City Water & City Sewer, that is direct billed to residents by the municipality

Residents direct billed for electric and gas

Opportunity to Fill Vacant Sites & Inventory Homes