Directions
Head west on Bus US-24, keep right onto W 200 S, the entrance is on the right hand side.
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Description
Picturesque 11.35 Acre mobile home community, offering positive cash flow and room to grow. The property features 42 sites, 11 tenant owned mobile homes, the remaining homes are rentals with a few rehab projects. Yielding a 10% cap rate currently and could be increased. There is a high need for affordable housing options in Wabash County. The park has recently switched management to a current tenant for better on-site management. There is excess unused acreage on the property that can be converted into additional mobile home lots or other uses. The units are serviced by a well which had a new pump installed recently. There is also a wastewater treatment plant for the park.
Details
Property Details
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MLS #:202502913
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Price$1,250,000
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Approx. Lot Size Acres11.35
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Approx. Lot Size SqFt494,406
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ClassCommercial
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DOM76
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Lot Dimensions0
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New ConstructionNo
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Parcel ID#85-14-07-303-018.000-007
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Property Sub-TypeOther/Unknown
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StateIN
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SubdivisionNone
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Year Built1977
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Zip46992
Interior Features
Other Features
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Waterfront Y/NNo
Last updated: April 30 2025, 12:46 PM
Listing courtesy of: Nicole Harrison, Keller Williams Realty Group
IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
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