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232 Fran Rd Hanover, IN 47243

For Sale
$395,000

Established Mobile Home Park, High ROI Potential

Description

Added:
Feb 3, 2025
Days on Market:
314
This exceptional investment opportunity presents a 17-lot mobile home park situated in Hanover, Indiana, at 232 Fran Road. The park currently boasts 10 occupied mobile home sites, offering immediate cash flow. Four of these mobile homes are owned by the park, providing additional revenue streams and control over property management. Six mobile homes are tenant-owned, ensuring a stable resident base. The park's diverse income streams extend beyond mobile home rentals. One lot generates income as a parking area, another is leased for a tenant's shed, and a third is rented for RV parking. This demonstrates the park's adaptability and potential for further revenue generation. The property's established nature and existing occupancy rates present a compelling investment proposition for those seeking a stable, income-producing asset in a desirable location. The asking price is $395,000. This represents a significant opportunity to acquire a well-maintained, cash-flowing mobile home park with potential for future expansion and increased profitability. The property is offered as-is. Detailed financial records are available upon request. This is a turnkey operation ideal for an investor seeking immediate returns and long-term growth. The property is conveniently located in Hanover, IN, offering easy access to local amenities and transportation routes.

Property Features for 232 Fran Rd

General Information

Property type
Other commercial real estate

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Hanover
County
Jefferson_IN
State
Indiana
Longitude
-85.46841
Latitude
38.71811

FAQs

What type of property is this?
Commercial real estate - Established Mobile Home Park, High ROI Potential
Where is this commercial real estate located?
The property is located at 232 Fran Rd Hanover, IN.
What is the asking price?
The asking price for this property is $395,000.
More about this property
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