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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
| Price | $1,899,000 | Building Class | C |
| Price Per Unit | $33,911 | Lot Size | 35.23 AC |
| Sale Type | Investment | Building Size | 2,000 SF |
| Cap Rate | 8.65% | Average Occupancy | 64% |
| No. Units | 56 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| 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 |
| Building Class | C |
| Lot Size | 35.23 AC |
| Building Size | 2,000 SF |
| Average Occupancy | 64% |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | BUFF |
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PROPERTY TAXES
| Parcel Number | 37-01-25-000-008.000-002 | Improvements Assessment | $322,700 |
| Land Assessment | $288,300 | Total Assessment | $611,000 |
PROPERTY TAXES
Parcel Number
37-01-25-000-008.000-002
Land Assessment
$288,300
Improvements Assessment
$322,700
Total Assessment
$611,000
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Lake Arthur | 5822 Natalie Dr
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