Opportunity
Berkadia Manufactured Housing is pleased to present Sunset MHC, an 80-site community in Rushville, Indiana. Located 45 miles outside of Indianapolis, Rushville offers a charming, small-town atmosphere, with prime accessibility to Indiana’s most populous city. Sunset MHC showcases a wide variety of operational efficiencies such as stabilized occupancy, public utilities, and majority resident owned homes. These efficiencies allow for a lower expense ratio, in turn generating a higher net operating income. Furthermore, the current owner purchased twelve 2021/2022 park owned homes with 21st mortgage. As an added benefit to a new investor, this loan is assumable, which is atypical for park owned homes. This offering presents the opportunity to acquire a well-maintained community just outside of Indianapolis, with public utilities, minimal park-owned homes and additional value-add for the next investor.
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
ORLANDO OFFICE
300 South Orange Avenue
Suite 1500
Orlando, FL 32801
6555 Longshore Street
Suite 280
Dublin, OH 43017
Investment Advisors:
Hunter LaRocca
Director
407.227.9643
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Brian Hummell
Director
614.318.5482
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Ian Hilpl
Managing Director 315.406.0900
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Kevan Enger
Senior Managing Director 407.494.8541
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610 S. Heather Way, Rushville, IN 46173
Sunset MHC
INVESTMENT HIGHLIGHTS
COLUMBUS OFFICE
Stable 88% occupancy with ability to increase by leasing up remaining POH
12 BRAND NEW HOMES WITH ASSUMABLE LOAN
PUBLIC UTILITIES
ACCESSIBILITY TO INDIANAPOLIS
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Anthony Golebiewski
Director
781.990.0100
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Minimal POH / Majority Resident Owned Homes
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BROKER OF RECORD
Chris Bruzas
Managing Director 317.370.5515
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License #RB15001294
Mortgage Banking Advisors:
Phil Noto
Associate Director
617.648.4188
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