Property History
Property Type
Property Type
Marketing Description
PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Rhoades MHC located in Wabash, Indiana. Rhoades MHC consists of 32 approved home spaces situated on 16.5 acres of land. The property is serviced by a well for water and a mound system for the sewer. Because the community is on private utilities it allows the expense ratio to be lower than normal. 19 park owned homes are included in the sale. Strong demand for housing in the area. This is a quality stable community that would be great for a newer operator looking to get into the business.
OFFERING SUMMARY
List Price: $1,280,000
NOI: $126,951
Cap Rate: 9.9%
Total Sites: 32
Occupied Sites: 31
Occupancy: 97%
Price Per Site: $40,000
Park Owned Homes: 19
Investment Highlights
- Stable Community with 97% occupancy
- Opportunity to increase lot rents, current lot rent is $275 which includes Water & Sewer
- Well maintained community
- 19 park owned homes included in the sale
Loan History
Financial History
****** Data
Net Operating Income
Reporting Date
Tax History
Contact Information
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Ownership Information
Zoning
A2 AgricultureAgriculture 2
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View all 193 uses
View all 193 uses Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Listing removed on
BY:
Adam McNeil PRO
•••.•••.7637
••••neil@••••••••.com
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