For more information go to www.wiselycr.com or click on the links below.

Community Video: https://youtu.be/REao-sJ190Y

Offering Memorandum Link: https://www.crexi.com/properties/677615/indiana-ponderosa-campground-ponderosa-mhc?offeringMemorandum=download

Due Diligence Vault Link: https://www.crexi.com/properties/677615/indiana-ponderosa-campground-ponderosa-mhc?openDueDiligence=open

PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Ponderosa Campground & Ponderosa MHC located in North Webster, Indiana. Ponderosa Estates consists of 20 approved manufactured home spaces and 69 campsites situated on 35 acres of land. This community has a fantastic location, just South of North Webster and located on The Backwaters. The property is serviced by Well and Septic. A new owner can come in fill the vacant sites and increase lot rent to increase cash flow. First time this property has ever been listed for sale.

INVESTMENT HIGHLIGHTS
• Stable Community with 91% occupancy, with opportunity to fill vacant homes
• Family owned, First time this property has ever been for sale
• Opportunity to increase cash flow by raising Lot Rent
• Quality Property, Pride of Ownership shows when you visit

OFFERING SUMMARY
List Price: $2,750,000
IN-Place NOI: $171,377
IN-Place Cap Rate: 6.2%
Year 1 NOI: $230,027
Year 1 Cap Rate: 8.4%
Price Per Site: $29,891
Total Sites: 92
Occupancy: 91% (84)
Park Owned Homes Occupied: 1
Inventory Homes: 1
Total Park Owned Homes: 2