Property History
Property Type
Property Type
Asking Details
Asking Cap Rate
Marketing Description
Wisely Commercial Realty is pleased to offer for sale five manufactured housing communities located Northwest of Fort Wayne, Indiana. Kozy Valley Estates has 22 sites and is in Albion, IN. Orchard Ridge Estates has 50 sites and is in Albion, IN. Pine Meadows Estates has 23 sites and is in LaOtto, IN. Pleasant Oaks Estates has 26 sites and is in Wolcottville, IN. Red Pine Estates has 48 sites and is in Albion, IN. All five communities are being sold as a portfolio.
Communities List Price: $8,900,000
Homes List Price: $1,450,000
Total List Price: $10,350,000
Combined NOI: $865,097
Combined Cap Rate: 8.36%
Community Only NOI: $581,757
Community Only Cap Rate: 6.54%
Total Sites: 169
Occupied Sites: 161
Occupancy: 95%
Park Owned Homes Occupied: 131
Investment Highlights
- Stable Portfolio of Communities with Upside Increasing Rents
- Quality Park Owned Housing Inventory, 25 of the homes are less than Two years old
- Great Location NW of Fort Wayne, strong demand for Rentals
- All Five Communities are on City Sewer, Four of the Communities are on City Water
Loan History
Financial History
****** Data
Net Operating Income
Reporting Date
Tax History
Contact Information
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Ownership Information
Zoning
MH ResidentialSingle FamilyManufactured Home
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View all 203 uses
View all 203 uses Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Sold: Multi APN Sale on
BY:
Adam McNeil PRO
•••.•••.7637
••••neil@••••••••.com
Map
Comparable Properties
Rental Market Overview
This rental data is based on the nearest market to this property: Garrett, In.
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