9500 E PONDEROSA DR North Webster IN 46555

Wisely Commercial Realty is pleased to offer for sale Ponderosa Campground & Ponderosa MHC located in North Webster, Indiana. Ponderosa Estates consists of 20 approved manufactured home spaces and 69 campsites situated on 35 acres of land. This community has a fantastic location, just South of North Webster and located on The Backwaters. The property is serviced by Well and Septic. A new owner can come in fill the vacant sites and increase lot rent to increase cash flow.

OFFERING SUMMARY

List Price: $2,750,000

IN-Place NOI: $171,377

IN-Place Cap Rate: 6.2%

Year 1 NOI: $230,027

Year 1 Cap Rate: 8.4%

Price Per Site: $29,891

Total Sites: 92

Occupancy: 91% (84)

Park Owned Homes Occupied: 1

Inventory Homes: 1

Total Park Owned Homes: 2

• Stable Community with 91% occupancy, with opportunity to fill vacant homes
• Family owned, First time this property has ever been for sale
• Opportunity to increase cash flow by raising Lot Rent
• Quality Property, Pride of Ownership shows when you visit