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Mobile Home Park

Stoneybrook Mobile Home Park

214 Lincoln St, Madison, IN 47250

Listing Price: $1,595,000

Cap Rate
6.13%
Number of Spaces
38
Lot Size
5.65 acres
Occupancy
97.5%
Price/Space
$41,974
Spaces/Acre
6.73
Year Built
1950

Investment Overview

Marcus & Millichap is pleased to present Stoneybrook Mobile Home Park, a 38-unit manufactured housing investment located at 214 Lincoln Avenue in Madison, Indiana. The property is comprised of 33 tenant-owned homes, two park-owned homes, one vacant lot, and two tenant-owned-contract homes. The last rental increase was Summer 2022. This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Investment Highlights

  • 38 Total Spaces
  • 6.72 Total Acres
  • Ability to Add Value By Raising the Rents and Adding Mobile Homes to Fill Vacancies
  • Easy Access to Route 421 and Route 56
  • Located in Southern Indiana
  • Close Proximity to Retail and Dining Options including Walmart, Dollar General, Taco Bell and Wendy's
  • Surrounded by Numerous Recreational Parks, including Clifty Falls State Park
  • Close to a Variety of Employment Outlets, which include Grote Industries, Norton King's Daughter's Health, and Arvin Sango Inc

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Mobile Home Park

Stoneybrook Mobile Home Park

Listing Price: $1,595,000

Cap Rate
6.13%
Number of Spaces
38
Lot Size
5.65 acres
Occupancy
97.5%
Price/Space
$41,974
Spaces/Acre
6.73
Year Built
1950

Investment Highlights

  • 38 Total Spaces
  • 6.72 Total Acres
  • Ability to Add Value By Raising the Rents and Adding Mobile Homes to Fill Vacancies
  • Easy Access to Route 421 and Route 56
  • Located in Southern Indiana
  • Close Proximity to Retail and Dining Options including Walmart, Dollar General, Taco Bell and Wendy's
  • Surrounded by Numerous Recreational Parks, including Clifty Falls State Park
  • Close to a Variety of Employment Outlets, which include Grote Industries, Norton King's Daughter's Health, and Arvin Sango Inc

Investment Overview

Marcus & Millichap is pleased to present Stoneybrook Mobile Home Park, a 38-unit manufactured housing investment located at 214 Lincoln Avenue in Madison, Indiana. The property is comprised of 33 tenant-owned homes, two park-owned homes, one vacant lot, and two tenant-owned-contract homes. The last rental increase was Summer 2022. This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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