$1,250,000
bedrooms
0
bathrooms
0
square feet
0
Acreage
11.35
Open Houses
-
year built
1977
Full Baths
0
Half Baths
0
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 15% cap rate currently and could easily be increased to 18% 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 | |
Subdivision | None |
County | Wabash County |
Elementary School | - |
Middle School | - |
High School | - |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 202502913
Listing agent:
Nicole Harrison
#RB21001486
Listing broker:
Keller Williams Realty Group
(260) 460-7707
Copyright © 2025 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Friday, March 7 2025 at 2:58 a.m. EST
Kotohomes National
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