Improved Mixed-Use Land for Sale in Wabash, Indiana
5866 W 200 S Wabash, IN 46992
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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.
Directions
Head west on Bus US-24, keep right onto W 200 S, the entrance is on the right hand side.
Location
- Street Address
- 5866 W 200 S
- County
- Wabash County
- Elevation
- 699 feet
Property details
- MLS Number
- FWAAR 202502913
- Date Posted
Property taxes
- Recent
- $2,001
Parcels
- 85-14-07-303-018.000-007
Legal description
PT FR SW1/4 7-27-6 11.35AC
Detailed attributes
Listing
- Type
- Commercial Sale
- Franchise
- Keller Williams Realty
Structure
- Stories
- 1
- Roof
- Shingle
Exterior
- Features
- Office Space
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Jan 30, 2025 | New listing | $1,350,000 | — | FWAAR |