169 Unit Four Park Portfolio For Sale - Peru, IN
$2,300,000
906 W Main St, Peru IN 46970, Peru, IN 46970
1,000 sqft
Building Size
10 acres
Lot Area
Details:
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
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
Documents:
| Title | ||
|---|---|---|
| 2018807 | ||
| 2018808 | ||
| 2018805 | ||
| 2018806 | ||
| 2018809 | ||
| 2018810 | ||
| 2018811 | ||
| 2018812 | ||
| 2018813 | ||
| 2018814 | ||
| 2018815 | ||
| 2018816 | ||
| Offering Memorandum |
Location
