Mobile Home Park 6029 E 200 N 20 Unité Parc mobile 1 029 825 $ CAD (51 491 $ CAD/Unité) 8,84% Taux de capitalisation Monticello, IN 47960

Scenic View RV & Mobile Home Community is a stabilized manufactured housing and RV park located on 7.06 acres in Monticello, Indiana, near Lake Shafer, Lake Freeman, and the Indiana Beach corridor. The property includes 20 pads operated under a land-lease model with tenant-owned homes and RV occupants.
The community is approximately 95% occupied and has shown consistent demand, with current performance trending ahead of expectations and projected to outperform 2025. Utilities are included in rent, and the property is serviced by municipal sewer, helping reduce operational complexity and long-term infrastructure risk.
Based on 2024 operations, the property generates approximately $66,238 in net operating income, representing an in-place cap rate of approximately 8.3% at a $750,000 purchase price. Lot rents remain affordable compared to other housing options in the area, supporting stable occupancy and reliable collections, while still allowing room for gradual rent increases over time.
The surrounding area benefits from a mix of tourism, local employment, and year-round housing demand. Proximity to Indiana Beach and the Twin Lakes area drives seasonal traffic, while workforce housing needs help support consistent occupancy throughout the year.
Overall, this is a straightforward, low-maintenance investment offering stable cash flow, strong occupancy, and simple day-to-day operations.