1121 IN-46 - Manufactured Housing/Mobile Housing FOR SALE


Batesville, IN 47006
$595,000 USD
812-606-0136
1121 IN-46, Batesville, IN for Sale
$595,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/4
null | Request Cap Rate

1121 IN-46
Batesville, IN 47006


HIGHLIGHTS

  • 14 Tenant-Owned Mobile Home Lots (Low Maintenance)
  • Fully Leased 5,000 sq ft Commercial Pole Barn
  • Lot Rents: $360–$390/month
  • City Water & City Sewer
  • Zoned B3 – Business Flexibility
  • Expansion/Development Potential on Vacant Land

OVERVIEW

Presenting a fully stabilized mobile home park, the new owner of Wagner’s Hobile Home Park will receive immediate cash flow with value-add potential. This 14-lot park is on city water / city sewer and is 100% occupied with all 14 homes as tenant-owned homes. Easy to manage remotely with maintenance guy on site. Lot rents are at $400/month. The property is zoned B3 (General Business) with additional vacant land ready for further development, opening the door to a range of development possibilities including storage units (see Permitted Use Table). The property includes a 5,000 sq ft pole barn, one bay (20%) leased to a contractor for 3-yr term. 80% available for adding tenants (value-add).

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

14

PRICE/UNIT

$42,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14 Lot Mobile Home Park!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.7 AC

LAND SF

248,292 SF

ZONING

B3

APN/PARCEL ID

24-12-24-100-007.000-015,24-12-24-100-009.000-015,24-12-24-200-001.000-015

ASK ABOUT THIS PROPERTY

Craig DohmanCentury 21 CommercialMore Info
812-606-0136

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Craig DohmanCentury 21 CommercialMore Info
812-606-0136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.