Properties for Sale

# 317 - Northern, Indiana, United States

Basic Details
Property Type : Mobile Home Community
Age of Community : 40 Years
Ref ID : 317
Owner Occupied : 27
Price : $850,000
Number of Vacant Lots : 11
Total Number of Sites : 52
Rentals : 12
Listing Type : For Sale
Number of Vacant Units : 2 + 1 Stick Built House
Number of Undeveloped Lots : 0
Address Map
Country : United States
State : Indiana
City : Northern
Financials
Property Description

Community Information
Traditional Occupancy Rate: 75%
Is Manager Onsite: Yes
Number of Entrances to Park: 4
Average Lot Size: Can hold up to 16×80’s

Rental Information
Owner Occupied Rent: $215-$220
Rental Unit Rent: $425-$475
Collection Rate: 95%
Last Rent Increase: Prior to 2014
For How Much: unsure

Utilities & Infrastructure Information
Type of Water: City
Type of Sewer: City
Individual Meters: Yes
Who Owns the Lines: Park
Type of Roads: Asphalt
Who Maintains Roads: City
On/Off Street Parking: On and Off
Electric Provider:
Amp Service: 100-200
Natural/Propane Gas: Natural

Amenities & Pride of Ownership Info
Average Age of Homes: 20 Years
Group Mailboxes: Yes
Club House: No
Play Ground: No
Laundry: No
Mature Trees: Yes
Basketball Courts: No
Park Rating: C

Makeup of Area
Population: 77,000

Comments or Additional Information
Motivated Seller. There is a waiting list of potential tenants. Rents have not been raised in years, an increase is due. City maintains the roads and provides snow plowing.