Properties for Sale

# 317 - Northern/Central, Indiana, United States

Basic Details
Property Type : Mobile Home Community
Age of Community : 40 Years
Ref ID : # 317
Owner Occupied : 24
Price : $1,800,000
Number of Vacant Lots : 6
Total Number of Sites : 73
Rentals : 38
Listing Type : For Sale
Number of Vacant Units : 5
Number of Undeveloped Lots : 0
Address Map
Country : US
State : IN
City : Northern/Central
Property Description

Community Information
Total Acres:
Unused Acres: 0
Traditional Occupancy Rate: 91%
Is Manager Onsite: Yes
Number of Entrances to Park: 3
Average Lot Size: Large lot sizes, mostly singles in the park but can hold up to doubles on many lots.

Rental Information
Owner Occupied Rent: $350-$375
Rental Unit Rent: $350-$750
Collection Rate: 95%
Last Rent Increase: January 2018
For How Much: $30

Utilities & Infrastructure Information
Type of Water: Well
Individual Meters: –
Type of Sewer: 2 Septics
Individual Meters: –
If So Who Reads and Bills: –
Who Owns the Lines: Park
Type of Roads: Asphalt
Who Maintains Roads: Park
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: 25 Years
Group Mailboxes: Yes
Club House: Yes
Play Ground: No
Laundry: No
Mature Trees: Some
Basketball Courts: No
Park Rating: C+

Makeup of Area
Where Tenants Work:
Largest Employer:
Population: City- $1,600, County 205,000
Comments: The parks occupancy has remained very stable for the Seller since he has owned the property. It is 20 minutes outside of Elkhart, Indiana. Income has steadily increased as well and provides for great cashflow. Many of the lots have large lot sizes that could accommodate most sizes of homes. The onsite manager has been there for over 10 years, has helped to stabilize the community. Motivated Seller.