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Sugar Court Mobile Home Park

Exceptional Mobile Home Park for Sale – High Potential Investment

Listing Contacts

Active

Asking Price: $650,000
Listing Broker NameTasheana Hanza
Address 

270 S Walnut St, Lyons, IN 47443

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Date Added
Aug 21, 2024
Days on Market
302 days
Time Since Last Update
65 days

Details

Property TypeLand, Mobile Home Park
SubtypeResidential
Investment TypeValue Add
Occupancy Date08/20/2024
Pads21
Buildings16
Price/Pad$30,952.38
Sale ConditionFor sale by owner
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Marketing Description

This listing is an outstanding investment opportunity with this mobile home park, offering immediate income and incredible growth potential.​ This park features 21 pads, 11 of which are currently occupied, providing a stable revenue stream from day one.​ With two vacant spots ready for infill and additional pads awaiting occupancy, there’s plenty of room for expansion.​ One home is only a couple years old.​

One of the standout units is a nearly new mobile home, just 2 years old, and vacant—ready to rent or seller finance, giving you flexibility in maximizing your returns.​ In addition to the living spaces, the property includes 16 rentable storage units, offering tenants added convenience while generating extra income for you.​

What truly sets this park apart is the undeveloped land included with the sale, perfect for expanding the park and increasing its value.​ We’ve already laid the groundwork with development plans in place, making it easier for you to take this property to the next level.​

Tenants pay all utilities and are billed $15/mo for dumpster.​ Financials for 2024 included.​ The “utility” fees are dumpster fees which as stated, tenants are being charged some to help offset.​

Plus, with a broker who’s also a part-owner, you’ll benefit from a deep understanding of the property and a commitment to a successful transaction.​

Please Note - we also have a storage unit facility for sale in a nearby town; Bloomfield

Investment Highlights

Mobile Home Park for Sale with Expansion Potential and Strong Revenue Opportunity

This 21-lot mobile home park offers a unique investment opportunity with steady income, room for growth, and significant improvements already completed. Located in [Town/Region], the park is well-positioned to attract and retain quality tenants with its clean, well-maintained environment and utility setup.

Property Highlights

  • 21 Total Lots:

    • 15 Park-Owned Homes (POH): Currently occupied with reliable, long-term tenants.

    • 1 Home Sold on Contract: Title still held by the park.

    • 1 Auction Home Pending: The estate of a former resident is auctioning this month, and the park may purchase it.

    • 3 Vacant Lots: Formerly occupied by poor-quality tenants, now cleared and ready for new homes or tenants.

    • 4 Vacant Trailers: Two are under renovation, including one nearly new unit ready to rent or sell.

  • Expansion Potential:

    • Includes a large piece of vacant land, ideal for adding 12 additional units in the future.

    • 16 underutilized 8x10 storage barns provide additional revenue potential.

  • Recent Improvements:

    • Freshly paved streets and significant tree work completed.

    • Dumpsters relocated for improved park functionality.

    • Ongoing work to flip and renovate vacant trailers for re-rental or sale.

  • Utilities: 100% city water and sewer with all utilities separately metered and billed directly to residents.

Additional Notes

  • Tenant Stability: Since acquiring the park, extensive effort has been made to improve tenant quality and retention. Forced turnover has removed problem residents, leaving behind a stable and reliable tenant base.

  • Opportunity for Optimization: A motivated operator could further optimize operations by converting from dumpsters to individual resident trash services, increasing storage barn utilization, and prioritizing the completion of trailer renovations.

  • Zoning: Minimal zoning restrictions provide flexibility for future development and expansion.

Growth Opportunity

This park offers tremendous upside potential for an investor who can prioritize its operations. With room to expand, vacant units to bring online, and well-established infrastructure, this property is set up for long-term profitability.

Contact us today for more details or to schedule a tour.

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Due Diligence

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Listing Contacts


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Broker of Record
Tasheana Hanza
Broker of Record: License Type
RB14045896
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