Manufactured Housing Community
1714 S Walnut St Hartford City, IN 47348
1714 S Walnut St, Hartford City, IN, 47348
Contact for pricing
For Sale
Contact for pricing
Pending
Two manufactured housing communities total 123 sites on municipal utilities, with approximately 54% occupancy and 56 vacant lots.
Lot Size48.00 Acres
Days on Market89
Property Features for 1714 S Walnut St
General Information
- Standard status
- Pending
- Lot size
- 48.00 Acres
- Property subtype
- Mobile Home Park
Listing agency
Other Street Advisors
(213) 446-5366
Listed by
Enon Winkler · License #FL BK3055134
Source
Crexi
Added: Apr 24 Updated: Jul 21 at 6:10AM Checked: Jul 21 at 6:10AM
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Investment Insights
Based on property information with market context.
Sherwood & Nottingham MHP is a combined 123-site manufactured housing portfolio in Hartford City, Indiana, located on more than 48 acres. The communities offer a mix of 18 tenant-owned homes, 49 park-owned homes, and 56 vacant lots, creating a clear pathway for infill and stabilization.
Current occupancy is approximately 54%, with room to grow through active leasing and home sales. Average lot rents are $322 per month, which the offering compares to nearby Muncie and Marion averages of $469 per month, supporting immediate rent growth opportunities as occupancy improves.
The properties are served by municipal water, sewer, and electric, all billed directly to tenants, which helps minimize ownership exposure to variable utility costs. This portfolio is presented for sale with an expected Year 5 NOI of approximately $185,000 and a projected cash-on-cash return exceeding 15%.
Current occupancy is approximately 54%, with room to grow through active leasing and home sales. Average lot rents are $322 per month, which the offering compares to nearby Muncie and Marion averages of $469 per month, supporting immediate rent growth opportunities as occupancy improves.
The properties are served by municipal water, sewer, and electric, all billed directly to tenants, which helps minimize ownership exposure to variable utility costs. This portfolio is presented for sale with an expected Year 5 NOI of approximately $185,000 and a projected cash-on-cash return exceeding 15%.
Key Highlights
- Two manufactured housing communities totaling 123 sites on 48+ acres in Hartford City, Indiana
- Portfolio mix includes 18 tenant‑owned homes, 49 park‑owned homes, and 56 vacant lots for infill and leasing
- Approximately 54% occupancy, with upside driven by active leasing and home sales
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Two manufactured housing communities total 123 sites on municipal utilities, with approximately 54% occupancy and 56 vacant lots.
Where is this mobile home & rv park located?
The property is located at 1714 S Walnut St Hartford City, IN.
What are key features of this property?
This property features: Two manufactured housing communities totaling 123 sites on 48+ acres in Hartford City, Indiana; Portfolio mix includes 18 tenant‑owned homes, 49 park‑owned homes, and 56 vacant lots for infill and leasing; Approximately 54% occupancy, with upside driven by active leasing and home sales
