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31846159

Confidential Indiana MHP

JF
IN RB18000549, IL 471.020503 (+31)
Mr. Landman
Listed by Mr. Landman
$429,000
45 days on market
Updated 44 days ago
Details
Property Type Mobile Home Park
Square Footage 64,975
Units 10
Cap Rate 13.1%
NOI $56,200
Occupancy 100%
Class C
Parking Spaces per unit
Investment Type Stabilized
Ownership Fee Simple

City water & City sewer!!!

Marketing description

This 6-pad community, along with two duplex buildings, offers a total of 10 units and is being offered as part of a portfolio currently undergoing refinance if not sold prior. The property is serviced by city water and city sewer, with all utilities—including water, electric, gas, and trash—directly billed to tenants, helping maintain low operating expenses. All mobile homes are park-owned with rents ranging from $675 to $800 per month, while the duplex units generate between $500 and $900 per month. The asset provides a stable income stream with a diversified unit mix.

Additional details available upon request. No seller financing is available.

(Jonathan Fisher is a licensed IN managing broker under MR. LANDMAN, LLC, IN License #RB18000549.)

Investment highlights

•City water & city sewer!

•All utilities direct billed!

•100% occupied!

Listing Contacts

JF
IN RB18000549, IL 471.020503 (+31)
Mr. Landman
Listed by Mr. Landman

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$56,200.00
$4,683.33/mo

Valuation Metrics

0
DSCR
13.1%
Cap Rate
13.1%
ROI

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