40-Site Manufactured Housing
For Sale
Contact for pricing
Pending
1025 Pumpkinvine Hill Rd, Martinsville, IN 46151
Community includes park-owned homes, municipal water service, and a private wastewater treatment plant.
Property SizeContact for details
Days on Market142
Property Features for 1025 Pumpkinvine Hill Rd
General Information
Standard status
Pending
Property subtype
Mobile Home Park
Net Operating Income
$90,009
Financials
Asking Price
$995,000
Cap Rate
9.05%
Additional Details
Utilities to Site
Yes
Listing Agency:
Wisely Commercial Realty
(317) 758-5032
Listed By:
Adam McNeil · License #IN RB16000684
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 3:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wisely Commercial Realty
Investment Insights
Based on property information with market context.
Ruby Hills is a manufactured housing community approved for 40 sites, with 23 park-owned homes included in the sale. Ten of those homes are vacant, creating renovation and leasing work within the existing property improvements. The community is served by City water and a private waste treatment plant.
The property has 30 occupied paying sites, with 75% economic occupancy and 92.5% physical occupancy. In-place NOI is $90,009 at a 9.05% cap rate, while proforma NOI is $122,419 at a 12.30% cap rate.
The property has 30 occupied paying sites, with 75% economic occupancy and 92.5% physical occupancy. In-place NOI is $90,009 at a 9.05% cap rate, while proforma NOI is $122,419 at a 12.30% cap rate.
Key Highlights
- Approved for 40 total sites
- 23 park‑owned homes included, including 10 vacant homes
- 30 occupied paying sites
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 46151, IN
32,335
Population
13,366
Households
2.4
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
203.6 sq mi
ZIP Area
159
Density / Sq Mi
$77,724
Median Household Income
$45,426
Median Earnings
$978
Median Rent
$219,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Community includes park-owned homes, municipal water service, and a private wastewater treatment plant.
Where is this mobile home & rv park located?
The property is located at 1025 Pumpkinvine Hill Rd Martinsville, IN.
What are key features of this property?
This property features: Approved for 40 total sites; 23 park‑owned homes included, including 10 vacant homes; 30 occupied paying sites
