New 30 Pad Manufactured Home Community

[Griffin Schermer]

We recently purchased a 30 pad community in Southern Indiana. We've since started to clean it out and will begin infilling new homes this summer. We purchased this property for $250,000 and it sits on a little over 3 acres with city water/sewer. All utilities will be sub-metered, we estimate each pads "turn-key"cost will be around $65,000 . POH will be between $850-$1000, TOH homes will be set between $350-$400. We have 10 homes to remove/demo, and 26-30 pads to fill with new homes. We have our own property management company and mowing service maintaining  the community. I'm excited to see this park progress over our 1-2 year infill.