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Fairview Village

Mobile Home Community
Osgood, Indiana

Fairview Village is a mobile home community located in Center Township and the Town of Osgood, Indiana. The community contains 47 operational spaces and sits on 13.1 acres of land. The community is zoned for 66 spaces by the State of Indiana and our goal is to develop the existing land to maximize the community zoning.

Project Info

Fairview Village is in an ideal location for affordable housing due to its proximity to Indianapolis, manufacturing jobs, shopping and I-74. Ripley County boasts a population of 28,000 as of  2018 with the 2020 census expected to rise by 5-10% according to county commissioner.

Estimated Project Cost: $680,000
Estimated Value at Stabilized 7.5% Cap Rate: $1,600,000

Project Name: Fairview Village Mobile Home Community

Location: Osgood, Indiana

Asset Type: Mobile Home Community

Status: Owned by NPD

Acquisition Date: 02/29/2020

Licensed Spaces: 47 (zoning allows 66)

Equity Partner: Funded

Project Stabilization: 24 Months

Property Management:  Vertical / NP Property Management LLC

 

Interested in Partnering with us?

North Peak Development values collaboration with landowners interested in utilizing their properties for commercial real estate ventures. Investors seeking to diversify their portfolios are encouraged to connect with us through the form below. We look forward to exploring opportunities together.

Additional Mobile Home Projects

White River Estates

Mobile Home Community

Muncie, Indiana

White River Estates Mobile Home Community is a 200 space value-add park located in Muncie, Indiana. This project is a medium-large scale project and represents a great opportunity for our investors.

 

 

Water Tower

Mobile Home Community

Morristown, Indiana

Water Tower Mobile Home Community (MHC) provides a value add investment opportunity for North Peak Development Group (NPDG) and partners. The existing community is well laid out and was kept fairly clean but several inefficiencies limited the maximum potential of the community prior to our acquisition. This is a great opportunity.

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