Overview

Description

Delta Group LLC in association with JDS Real Estate Services, INC is pleased to offer for sale an excellent opportunity purchase a four park portfolio located in centrally in Peru Indiana. This portfolio is comprised of four parks totaling 169 pads situated within 5 miles or less from each other. Despite having a supporting metro, occupancy currently sits at just 35% due to a lack of owner funding for infill. A buyer with sufficient capital will realize paramount Value-Add returns and easily be able to bring the occupancy up to ≥70% within 18 months. Please refer to the "Document" tab to view additional financial information.

-Located Centrally in the town of Peru Indiana with direct access to all essential businesses.

-All four parks are situated within 5 miles or less from each other.

1) Sherwood Mobile Home Park - 906 W Main St, Peru IN 46970

2) Bourne End Mobile Home Park - 3 Wycombe Dr, Peru IN 46970

3) Hi & Dri Court - 501 W 10th St, Peru IN 46970

4) Park Ave Court - 23 S. Park Ave, Peru IN 46970

Highlights

• -Price per unit for $13,609
• -Utilities: All four parks are on City Water and City Sewer
• -Utilities Paid by tenants
• -Seller lacks the access to capital for infill, hence the pro forma valuation for the vacant lots
• 1) Sherwood Mobile Home Park - 906 W Main St, Peru IN 46970
• 2) Bourne End Mobile Home Park - 3 Wycombe Dr, Peru IN 46970
• 3) Hi & Dri Court - 501 W 10th St, Peru IN 46970
• 4) Park Ave Court - 23 S. Park Ave, Peru IN 46970

Documents

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