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Shadybrook MHP

42 Unit MHP on City Utilities

Listing Contacts

Active

Asking Price: $1,650,000
Address 

4270 E Montpelier Pike, Marion, IN 46953

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Date Added
Apr 1, 2025
Days on Market
46 days
Time Since Last Update
16 days

Details

Property TypeMobile Home Park
Investment TypeStabilized
Investment Sub TypeValue Add
Cap Rate8.29%
Pro-Forma Cap Rate17.02%
Occupancy66.77%
NOI$136,703
Pro-Forma NOI$280,784
Units42
Pads42
ZoningCR
Broker Co-OpYes
APN27-07-11-200-003.000-002 27-07-11-200-021.000-001
Price/Pad$39,285.71
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Marketing Description

To download the Offering Memorandum and full financials please click on “See Due Diligence” then fill out the confidentiality agreement.​ Once don’t you will have immediate access.​ If you have any questions or interest please reach out to the lead agent Nathan Donnell 314.502.3461 Nathan@mhpvalue.​com

SHADYBROOK MHP PRESENTS A COMPELLING OPPORTUNITY TO AQUIRE A STABILIZED, INCOME-

PRODUCING MOBILE HOME PARK WITH SIGNIFICANT UPSIDE STILL ON THE TABLE.​ LOCATED IN

MARION, INDIANA, ABOUT AN HOUR OUTSIDE OF INDIANAPOLIS, THE COMMUNITY CONSISTS OF

42 TOTAL SITES.​ THE CURRENT MIX STANDS AT 5 OCCUPIED TENANT-OWNED HOMES AND 23

OCCUPIED PARK-OWNED HOMES, 13 VACANT POHS, AND 1 VACANT LOT.​ TOH’S ARE AVERAGING

$395/MONTH FOR LOT RENT, AND POH’S GENERATING $395 LOT RENT + $296 HOME RENT,

BRINGING A STEADY CASH FLOW WITH A STABLE AND RELIABLE TENANT BASE.​ THE CURRENT

OWNERS REHABBED MOST OF THE CURRENT OCCUPIED POH’S, SIGNIFICANTLY REDUCING ANY

NEED FOR IMMEDIATE CAPEX ON OCCUPIED HOMES.​

A NEW OPERATOR HAS A CLEAR PATH TO ABOVE-AVERAGE CASH ON RETURNS BY REHABBING AND

FILLING THE VACANT HOMES ADDITIONALLY WITH THE OPTION TO RTO, OR SELL OFF THE POH’S TO

REDUCE EXPENSES AND OFFSET COSTS OF REHABS.​ WITH CITY UTILITIES SEEING RECENT CAPEX TO

TIE INS, AND A ON-SITE MANAGER WHO IS A VALUABLE ASSET TO THE PARK, THE SOLE FOCUS FOR

THE NEW OWNERS CAN BE ON COMPLETING THE 13 VACANT POH’S TO REWARD THEMSELVES WITH

CASH ON CASH RETURNS IN THE HIGH 20'S BY YEAR 3.​

THIS WELL-CARED FOR COMMUNITY IN A LOW-CRIME AREA IS THE PRIME VALUE ADD

OPPORTUNITY FOR INVESTORS SEEKING WELL ABOVE AVERAGE RETURNS WITH A CLEAR STRATEGY

Investment Highlights

  • FINISH REHAB OF VACANT POH’S TO RENT, RTO, OR SELL OFF TO REDUCE EXPENSES

  • STABILIZED TENTANT BASE IN RECENTLY REHABBED POH’S PROVIDING STRONG INCOME TO FUND REHABS

  • EXCEPTIONAL ON-SITE MANAGER IN PLACE WANTING TO STAY WITH NEW OWNERS

  • CITY UTILITIES

  • CASH ON CASH RETURNS WELL NORTH OF 25% IN YEAR 3, COMPLETING 8 REHABS PER YEAR

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$136,703.00
$11,391.92/mo

Valuation Metrics

0
DSCR
8.29%
Cap Rate
8.29%
ROI
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Due Diligence

Please execute confidentiality agreement to access the due diligence

Listing Contacts


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