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Lake Arthur Estates

Mobile Home Community
Remington, Indiana

Lake Arthur Estates is the sole mobile home community in Remington, Indiana and is one of only six communities in Jasper County. Lake Arthur has 46 operational spaces.

As with all of the mobile home communities that we target within our business model,we have a significant value-add opportunity within the first 36-months of operation.
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Project Info

The strategy for stabilization in this park are as follows: infill vacant lots, convert park-owned homes into owner-occupied homes, renovate vacant park-owned homes, and bill back water/sewer expenses directly to the residents via Metron digital water meters. Infrastructure updates will occur within the first three months of ownership.

Project Name: Lake Arthur Estates Mobile Home Community

Location: Remington, Indiana

Asset Type: Mobile Home Community

Status: Owned by NPD

Acquisition Date: 11/15/2020

Sold: 06/2022

Licensed Spaces:  46

Equity Partner:  Funded

Project Stabilization: 24-36 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.

Contact a Member of Our Team

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.

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.

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