Ohio & Indiana 3-Park Portfolio

The Ohio & Indiana 3-Park Portfolio consists of 136 total lots across 3 communities. The portfolio is made up of Walnut Hills MHC (50 lots) in Bluffton, IN;  New Lebanon MHC (46 lots) in New Lebanon, OH; and Somerset MHC (40 lots) in Somerset, OH. The portfolio is majority tenant owned (95% of occupied lots), with a current average lot rent of $412 and an occupancy of 68%. With 43 vacant lots across the portfolio, there is significant value add and infill opportunity for new ownership. All communities are serviced by public water & sewer (billed back) and curbside trash.

Walnut Hills MHC is 25 miles from the Fort Wayne MSA, New Lebanon MHC is 12.5 miles from the Dayton MSA, and Somerset MHC is 47 miles from the Columbus MSA. With the communities so close to major metro area, residents are provided convenient access to various entertainment options, higher education institutions, and job opportunities with major employers.