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Mobile Home Park

Westville Estate Mobile Home Park

11199 IN-2, Westville, IN 46391

Listing Price: $1,838,879

Cap Rate
6.73%
Number of Spaces
100
Lot Size
26.15 acres
Occupancy
51.0%
Price/Space
$18,389
Spaces/Acre
3.82
Year Built
1970

Investment Overview

Westville Estates Mobile Home Park is a 100-space manufactured housing investment located at 11199 Indiana-2 in Westville, Indiana.

The property spans 26.15 acres and is comprised of 47 tenant-owned homes, 47 vacant lots, two vacant park-owned homes (ready to rent), four tenant-owned home - contract. The property is currently serviced by a well. A new owner can add value by billing back the tenants for utilities.

Investment Highlights

  • 100 Total Spaces and 26.15 Acres
  • 47 Tenant-Owned Homes, 47 Vacant Lots, Two Vacant Park-Owned Homes (Ready to Rent), and Four Tenant-Owned Home - Contract
  • Serviced by a Well
  • Ability to Add Value By Billing Back Tenants for Utilities
  • Located in Northwest Indiana
  • Easy Access to Interstate 90 and Route 421
  • Close Proximity Retail Options including Dollar General and Walmart
  • Nearby Dining Options include Wendy's and Taco Bell

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Mobile Home Park

Westville Estate Mobile Home Park

Listing Price: $1,838,879

Cap Rate
6.73%
Number of Spaces
100
Lot Size
26.15 acres
Occupancy
51.0%
Price/Space
$18,389
Spaces/Acre
3.82
Year Built
1970

Investment Highlights

  • 100 Total Spaces and 26.15 Acres
  • 47 Tenant-Owned Homes, 47 Vacant Lots, Two Vacant Park-Owned Homes (Ready to Rent), and Four Tenant-Owned Home - Contract
  • Serviced by a Well
  • Ability to Add Value By Billing Back Tenants for Utilities
  • Located in Northwest Indiana
  • Easy Access to Interstate 90 and Route 421
  • Close Proximity Retail Options including Dollar General and Walmart
  • Nearby Dining Options include Wendy's and Taco Bell

Investment Overview

Westville Estates Mobile Home Park is a 100-space manufactured housing investment located at 11199 Indiana-2 in Westville, Indiana. The property spans 26.15 acres and is comprised of 47 tenant-owned homes, 47 vacant lots, two vacant park-owned homes (ready to rent), four tenant-owned home - contract. The property is currently serviced by a well. A new owner can add value by billing back the tenants for utilities.

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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