6029 E 200 N - Manufactured Housing/Mobile Housing FOR SALE


Monticello, IN 47960
$750,000 USD
260-615-9248
6029 E 200 N, Monticello, IN for Sale
$750,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/14
null | 8.84% Cap Rate

6029 E 200 N
Monticello, IN 47960


HIGHLIGHTS

  • Strong tourism-driven demand from proximity to Indiana Beach, Lake Shafer, and the Twin Lakes recreational corridor
  • Consistent need for affordable housing in a market with limited flexible rental inventory
  • Stable, high-occupancy asset (95%) supported by both seasonal traffic and year-round workforce housing demand

OVERVIEW

Scenic View RV & Mobile Home Community is a stabilized manufactured housing and RV park located on 7.06 acres in Monticello, Indiana, near Lake Shafer, Lake Freeman, and the Indiana Beach corridor. The property includes 20 pads operated under a land-lease model with tenant-owned homes and RV occupants. The community is approximately 95% occupied and has shown consistent demand, with current performance trending ahead of expectations and projected to outperform 2025. Utilities are included in rent, and the property is serviced by municipal sewer, helping reduce operational complexity and long-term infrastructure risk. Based on 2024 operations, the property generates approximately $66,238 in net operating income, representing an in-place cap rate of approximately 8.3% at a $750,000 purchase price. Lot rents remain affordable compared to other housing options in the area, supporting stable occupancy and reliable collections, while still allowing room for gradual rent increases over time. The surrounding area benefits from a mix of tourism, local employment, and year-round housing demand. Proximity to Indiana Beach and the Twin Lakes area drives seasonal traffic, while workforce housing needs help support consistent occupancy throughout the year. Overall, this is a straightforward, low-maintenance investment offering stable cash flow, strong occupancy, and simple day-to-day operations.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$38 USD /SF

# OF UNITS

20

PRICE/UNIT

$37,500

CAP RATE

8.84%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mobile Home Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.06 AC

LAND SF

307,534 SF

ZONING

A1

APN/PARCEL ID

91-73-15-000-000.900-020

ASK ABOUT THIS PROPERTY

Lane MoserEllsbury Commercial GroupMore Info
260-615-9248

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Lane MoserEllsbury Commercial GroupMore Info
260-615-9248

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