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5866 W 200 S

Wabash, IN 46992
  • $1,350,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 202502913
$1,350,000
  • 0
    BEDS
  • 11.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1977
County:
Area:

School Ratings & Info

Listing provided by Nicole Harrison of Keller Williams Realty Group: nkuyper@kw.com.

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.

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© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty. Data last updated: 2025-02-10T00:28:30.43.

www.parkerteamhomes.com/homes/159892581
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5866 W 200 S Wabash, IN 46992

  • Price: $1,350,000
  • Status: Active
  • On Site: 10 Days
  • MLS #: 202502913
0
Beds
0
Baths
0
½ Baths
11.35
Acres
1977
Built
Neighborhood:
None
County:
Wabash
Area:
Wabash
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.
Exterior Features

Construction Type1 Mobile Home Park Exterior Vinyl Fire Doors YN No Lot Dimensions 0 Parking Gravel Parking Type Exterior Parking YN Yes Road Access County Roof Material Shingle Security Light YN No Sign Type Street Sign Pole/Sign Signs YN Yes Waterfront YN No

Interior Features

Basement Foundation Other Basement YN No Bldg1 Above Grd Sq Ft 0 Bldg1 Below Grd Sq Ft 0 Bldg1 Fin Office Sq Ft 0 Ceiling Height 8 ft Column Spacing None Cooling None Flooring Other Heating Fuel Other Heating System Interior Height 8 ft Interior Walls Other Special Features Office Space Total Restrooms 0

Property Features

Annual Taxes 2000.5 Auction YN No Buildings 37 Burglar Alarm YN No Currently Leased YN Yes Documents Available Income/ExpensesRent Roll Enterprise Zone No Equipment YN No Fire Protection Other For Sale Or Rent For Sale Ingress Egress None Lease Term Remaining Month to Month New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Property Sub Type Other/Unknown Reo YN No Sale Includes BuildingInventory Sewer Other Smoke Fire Alarm YN No Sprinkler System YN No Tax Abatement No Township Noble Water Heater YN No Water Softener YN No Water Utility Well Year Taxes Payable 2024 Payable 2025

Listing provided by Nicole Harrison of Keller Williams Realty Group: nkuyper@kw.com.

© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty.


© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty. Data last updated: 2025-02-10T00:28:30.43.

 
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Parker Team | Keller Williams Realty
3298 McCarty Lane Suite A
Lafayette IN, 47905
Listing provided by Nicole Harrison of Keller Williams Realty Group: nkuyper@kw.com.