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.
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