5866 W 200 S, Wabash, IN 46992 - Wabash County

Picturesque 11.35 Acre mobile home community, offering positive cash flow and room to grow. The property features 42 mobile homes, 12 tenant owned, the remaining 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 waste water treatment plant for the park.

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