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$ 1,350,000
Est. payment /mo
Active
5866 W 200 S Wabash, IN 46992
11.35 Acres Lot
UPDATED:
01/30/2025 10:29 PM
Key Details
Property Type Commercial
Sub Type Other/Unknown
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202502913
Year Built 1977
Annual Tax Amount $2,000
Lot Size 11.350 Acres
Property Sub-Type Other/Unknown
Property 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 9% cap rate currently and could easily be increased to 12% with little initial investment. 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.
Location
State IN
County Wabash County
Area Wabash County
Direction Head west on Bus US-24, keep right onto W 200 S, the entrance is on the right hand side.
Interior
Flooring Other
Appliance Building, Inventory
Exterior
Roof Type Shingle
Building
Story 1
New Construction No
Others
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202502913
IDX information provided by the Indiana Regional MLS
Listed by Nicole Harrison • Keller Williams Realty Group • [email protected]