325 E Cross St - Multi-Family FOR SALE


Anderson, IN 46012
$989,000 USD
702-686-1952
325 E Cross St, Anderson, IN for Sale
$989,000 USD
Multi-Family - FOR SALE
1/2
null | 11.19% Cap Rate

325 E Cross St
Anderson, IN 46012


HIGHLIGHTS

  • Licensed for 30 mobile homes
  • Currently has 7 vacant lots which, if filled with homes, would bring in an additional $7,000 monthly
  • Utilities are not yet billed back, which presents an opportunity to lower expenses
  • Rent is currently below market value

OVERVIEW

Jennifer Stein Real Estate, Inc. in conjunction with MHP Brokerage is pleased to present for sale Shady Rest Mobile Park—a unique investment opportunity featuring a 24-unit mobile home park accompanied by a single-family residence. Situated on a spacious 2.58-acre lot, this property offers significant potential for both immediate income and future growth.

FOR SALE DETAILS

PRICE

$989,000 USD

PRICE/SF

$49 USD /SF

# OF UNITS

1

PRICE/UNIT

$989,000

CAP RATE

11.19%

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shady Rest MHP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.58 AC

LAND SF

112,515 SF

ZONING

-

APN/PARCEL ID

48-11-01-101-005.000-003

ASK ABOUT THIS PROPERTY

Sammy DeebMHP BrokerageMore Info
702-686-1952

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Sammy DeebMHP BrokerageMore Info
702-686-1952

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