MHP(Mobile Home Park) with 4-plex - 13 lots current NOI $3000/mon

[Adam Gerig]

Attached is information on the property. Address is 707 E Paulding Rd, Fort Wayne, IN 46806. Gross rents of $3635 currently with 3 lots that are vacant and trailers. Would bring gross rents to $4265/month for just lot rent and 4-plex opportunity to sell out the trailers on contract also. Owner also gets $40 each lot for 10 lots currently for water/sewer/trash. The expenses are factoring in what the owner has had to pay after subtracting $400/month they are getting for Water/Sewer/Trash from tenants so on average water & sewer runs about $400ish/month for the whole park and 4-plex. Trash is $155/month. I think even paying management to run this is should net relatively easily between $24-36k/year.

Can be reached by here, email, or on my website buyftwayne.com