If you are interested in purchasing the property please email mobilehomes2018@gmail.com. Please include brief bio and background. This park is not ideal for a first time purchaser. Please inquire if you are experienced professional mobile home park owner/investor only.
Glenwood Springs Mobile Home Park – Portage, Indiana
Total pads 144
Occupied tenants 53
Empty pads 51
Empty homes 7
Homes to be removed 28
Home rental 1
Apartment rental 1
Lot Rent : $390/ month
City Water and Sewer
Purchase Price - $1,150,000 plus assignment fee (Assignment price still to be determined)
This property has significant upside for new ownership.
Brief potential business plan.
-Removal of 28 homes
-Submeter and billback water to residents
-Enforce Collections and Rules Violations
-Infill vacant lots (Market seems ideal for 21st mortgage C.A.S.H. Program)
-Professional Management in place
Portage, Indiana (Market Stats)
| POPULATION | 36,849 |
|---|---|
| POPULATION GROWTH | 1.5% since 2010 |
| CRIME IN CITY | Portage violent crime is 11.2. (The US average is 22.7) |
| UNEMPLOYMENT RATE | Portage property crime is 32.6. (The US average is 35.4) Portage property crime is 32.6. (The US average is 35.4) |
| MEDIAN HOME PRICE | $161,800.00 |
| METRO AREA | Chicago-Naperville-Elgin Metro Area |
| METRO AREA POPULATION | 9,549,229 |
| PARK PHOTOS AND VIDEOS | Dropbox - Glenwood Springs MHP - Simplify your life |