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Manufactured Housing Community

701 State Street, Hammond, IN 46320

For Sale
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The community combines manufactured home sites with cottage, apartment, and duplex accommodations.

Property SizeContact for details
Days on Market34

Property Features for 701 State Street

General Information

Standard status Active
Property subtype Mobile Home Park
Occupancy 94%
Net Operating Income $145,080

Financials

Asking Price $2,050,000
Cap Rate 8.3%

Units

Multifamily Units 32
Mobile Home Lots 26

Additional Details

Utilities to Site Yes
Tenant in Place Yes
Listing Agency: Wisely Commercial Realty
Listed By: Adam McNeil · License #IN RB16000684
Source: Crexi
Added: Oct 7 Changed: Nov 8 Last Checked: Nov 8 at 5:59PM

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

Rey
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Investment Insights

Based on property information with market context.

This manufactured housing community contains 32 total units: 26 manufactured home sites and six cottage, apartment, or duplex units. The property includes a mix of tenant-owned homes, contract sales, and rental homes, alongside the multifamily-style accommodations. Asphalt roads serve the community, and city water and sewer are available. Residents are billed directly for electricity, gas, water, and sewer.

Key Highlights

  • 32 total units, including 26 manufactured home sites and 6 cottage, apartment, or duplex units
  • 93.8% occupied, with 30 occupied sites
  • City water and sewer; residents are billed directly for electricity, gas, water, and sewer

Property Analytics

Lease Details

32
Residential units
93.8%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

402
Businesses Nearby

Demographics for 46320, IN

14,514
Population
6,236
Households
2.3
Avg Household Size
33
Median Age
12%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
3,088
Density / Sq Mi
$35,706
Median Household Income
$24,499
Median Earnings
$853
Median Rent
$115,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mobile home & RV park - The community combines manufactured home sites with cottage, apartment, and duplex accommodations.
Where is this mobile home & rv park located?
The property is located at 701 State Street Hammond, IN.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 32 total units, including 26 manufactured home sites and 6 cottage, apartment, or duplex units; 93.8% occupied, with 30 occupied sites; City water and sewer; residents are billed directly for electricity, gas, water, and sewer
(317) 758-5032 Call to check price and availability
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