Manufactured Housing Community
For Sale
Contact for pricing
Pending
1714 S Walnut St, Hartford City, IN 47348
Two manufactured housing communities total 123 sites on municipal utilities, with approximately 54% occupancy and 56 vacant lots.
Property SizeContact for details
Lot Size48.00 Acres
Days on Market135
Property Features for 1714 S Walnut St
General Information
Standard status
Pending
Lot size
48.00 Acres
Property subtype
Mobile Home Park
Occupancy
54%
Additional Details
Utilities to Site
Yes
Listing Agency:
JDS Real Estate Services, Inc.
Listed By:
Jennifer Stein · License #01507135
(213) 446-5366
Source:
Crexi
Added: Apr 24
Changed: Sep 2
Last Checked: Sep 4 at 4:57AM
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 JDS Real Estate Services, Inc.
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
Property Profile
Current Use
Lease Details
54%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 47348, IN
9,507
Population
4,541
Households
2.1
Avg Household Size
44
Median Age
15%
College-Educated
90%
High-School Grad
116.3 sq mi
ZIP Area
82
Density / Sq Mi
$44,198
Median Household Income
$33,930
Median Earnings
$626
Median Rent
$98,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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
