15042 STATE ROAD 32 E Noblesville IN 46060-8860

Wisely Commercial Realty is pleased to offer for sale Tall Timbers manufactured housing community located near Noblesville, IN, in the highly desired Hamilton County. Tall Timbers is approved for 50 sites. 29 park owned homes come with the purchase, 11 which are vacant providing a new owner the opportunity to renovate and rent out the homes. The park is supplied with well water, the sewer is a private waste treatment plant. 11 resident homes have been relocated into Tall Timber in Q2 2022, helping increase the occupancy and cash flow.

Offering Summary

List Price: $2,200,000

IN-Place NOI: $145,028

In-Place Cap Rate: 6.59%

Proforma NOI: $199,567

Proforma Cap Rate: 9.31%

Price Per Site: $44,000

Total Approved Sites: 50

Occupied Paying Sites: 37

Economic Occupancy: 74%

Physical Occupancy: 96%

Park Owned Homes Included: 29

• Tall Timbers is in Hamilton County, the most desired County in Indiana

• Opportunity to occupy the vacant homes and bring in homes and fill the vacant sites

• Seller Financing Available for Qualified Buyers

• Value-Add Opportunity