E Cross St

Price $750,000 Metro Anderson, IN # units 18 Doors- Licensed & Pads for 30 NOI or CAP $97,048 (current) Annual 11% CAP Projected NOI $46,800- $148,000 (extra 12 Pads Only) All 30 Projected Cash Flow $187,500-$288,700 (annual) Occupancy 98% of 18 Trailers/RVs Value Add There's also 3 garages that can be rented- 3 car, 2 car, & 1 car that could be a studio unit. As well as a brick 3/1 sfh inside the MHP, with a huge wooden deck outback, that doubles as an office. Also the park is 112,000 sqft, city sewer & water. Utilizing all 30 lots would bring in another $10,000 Monthly Rents!!! FACTS & FEATURES There are 17 trailers currently There are 30 Pads all together There is a sfh 3/1 ($150,000 Value) brick house inside the park (w/deck) lite rehab [mainly updates] Separate House from Entire Lot & SAVE TONS of money on TAXES ***3 Car Garage ***2 Car Garage ***1 Car Garage Multiple Sheds Property Management can be referred Have a contractor that can be referred Owner is willing to stay in the sfh for a couple months OR pay market rents while he stays [which will increase NOI by $14,400] City sewer/water Most tenants are on leases Can do cash for keys & sell all Park-owned trailers to tenants [to only have lot-rent & zero maintenance] With purchase--- a trailer Mover's contact will be provided. [He moves them for $1,000] Can Add additional trailers to additional pads for $60k or less https://docs.google.com/spreadsheets/d/1SZKclffdfGXr1kWr-WfEoucDxw82sX0CWy2xRd6jtK4/edit?usp=sharing (spreadsheet) https://www.dropbox.com/sh/cko2fwsxzqvb84w/AAB2wvyrYpMeoFjraJ9Q44ksa?dl=0 (dropbox link) 📱 CALL\TEXT 👉 JAMIE FOR MORE 🤔 INFO OR TOUR! ☏ 317-610-9834