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Mobile Home Park

Miami Village

4614 E Old Trail Rd, Columbia City, IN 46725

Listing Price: $3,500,000

Cap Rate
6.94%
Number of Spaces
94
Lot Size
17.21 acres
Occupancy
92.0%
Price/Space
$37,234
Spaces/Acre
5.46
Year Built
1969

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 94 site (93 mobile home and one single family) Mobile Home Park known as Miami Village located in Columbia City, Indiana (25 minutes West of Fort Wayne). The community is currently 92 percent occupied with below market rents. Miami Village is situated near US-30 providing easy and convenient access to nearby shopping and dining in Columbia City or Downtown Fort Wayne. Within a 10 minute drive of the community, there is a Walmart Supercenter, Kroger, and ALDI.

Investment Highlights

  • Opportunity to Acquire 94 Sites (93 Mobile Home and One Single Family) Located in Columbia City
  • 25 Minutes (16 Miles) West of Downtown Fort Wayne
  • 92 Percent Occupied

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Mobile Home Park

Miami Village

Listing Price: $3,500,000

Cap Rate
6.94%
Number of Spaces
94
Lot Size
17.21 acres
Occupancy
92.0%
Price/Space
$37,234
Spaces/Acre
5.46
Year Built
1969

Investment Highlights

  • Opportunity to Acquire 94 Sites (93 Mobile Home and One Single Family) Located in Columbia City
  • 25 Minutes (16 Miles) West of Downtown Fort Wayne
  • 92 Percent Occupied

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 94 site (93 mobile home and one single family) Mobile Home Park known as Miami Village located in Columbia City, Indiana (25 minutes West of Fort Wayne). The community is currently 92 percent occupied with below market rents. Miami Village is situated near US-30 providing easy and convenient access to nearby shopping and dining in Columbia City or Downtown Fort Wayne. Within a 10 minute drive of the community, there is a Walmart Supercenter, Kroger, and ALDI.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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