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Lake Arthur 5822 Natalie Dr 56 Unit Mobile Home Park $1,899,000 ($33,911/Unit) 8.65% Cap Rate Remington, IN 47977
Executive Summary
Wisely Commercial Realty is pleased to offer for sale Lake Arthur, located in Remington, IN. This is a great opportunity to acquire 56 mobile home sites in a strong market. The owner has done a great job improving the property over the past few years and is now ready for the next owner to take over. A new owner can focus on filling the vacant sites with new or used homes to increase the cash flow. The property is serviced by city water and city sewer. Included in the sale are 9 occupied park-owned homes. The community is located just off of I-65, 30 minutes north of Lafayette, IN.
Community Video: https://youtu.be/HKP8fUTkRLg?si=4DGyFvppPIMv5vsl
For more information, go to www.wiselycr.com
Community Video: https://youtu.be/HKP8fUTkRLg?si=4DGyFvppPIMv5vsl
For more information, go to www.wiselycr.com
Property Facts Under Contract
| Price | $1,899,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $33,911 | Building Class | C |
| Sale Type | Investment | Lot Size | 36.29 AC |
| Cap Rate | 8.65% | Building Size | 57,400 SF |
| No. Units | 56 | Average Occupancy | 64% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1980 |
| Zoning | BUFF | ||
| Price | $1,899,000 |
| Price Per Unit | $33,911 |
| Sale Type | Investment |
| Cap Rate | 8.65% |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 36.29 AC |
| Building Size | 57,400 SF |
| Average Occupancy | 64% |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | BUFF |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 37-01-25-000-008.000-002 | Improvements Assessment | $264,000 |
| Land Assessment | $297,900 | Total Assessment | $561,900 |
Property Taxes
Parcel Number
37-01-25-000-008.000-002
Land Assessment
$297,900
Improvements Assessment
$264,000
Total Assessment
$561,900
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Lake Arthur | 5822 Natalie Dr
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