77-Space Mobile Home
For Sale
Contact for pricing
Pending
13 S Outer Dr, Martinsville, IN 46151
Municipal water and sewer serve the community, with most sites occupied.
Property SizeContact for details
Lot Size12.00 Acres
Days on Market144
Property Features for 13 S Outer Dr
General Information
Standard status
Pending
Lot size
12.00 Acres
Property subtype
Mobile Home Park
Additional Details
Asking Price
$2,900,000
Utilities to Site
Yes
Listing Agency:
Wisely Commercial Realty
(317) 758-5032
Listed By:
Adam McNeil · License #IN RB16000684
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Sep 1 at 8:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wisely Commercial Realty
Investment Insights
Based on property information with market context.
Spring Valley MHC is a 77-site mobile home park on 12 acres at 13 S Outer Dr in Martinsville, Indiana. The community includes 29 park-owned homes and is connected to City Water and City Sewer. Physical occupancy is 97% across 75 sites, while economic occupancy is 94% across 72 sites.
The property is available for sale and is located about 30 minutes southwest of Indianapolis. Water and sewer submetering could be implemented to support resident bill-back. The reported Year 1 cap rate is 8.7%.
The property is available for sale and is located about 30 minutes southwest of Indianapolis. Water and sewer submetering could be implemented to support resident bill-back. The reported Year 1 cap rate is 8.7%.
Key Highlights
- 77 home spaces across 12 acres
- 97% physical occupancy, representing 75 occupied sites
- 94% economic occupancy across 72 sites
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 46151, IN
32,335
Population
13,366
Households
2.4
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
203.6 sq mi
ZIP Area
159
Density / Sq Mi
$77,724
Median Household Income
$45,426
Median Earnings
$978
Median Rent
$219,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Municipal water and sewer serve the community, with most sites occupied.
Where is this mobile home & rv park located?
The property is located at 13 S Outer Dr Martinsville, IN.
What are key features of this property?
This property features: 77 home spaces across 12 acres; 97% physical occupancy, representing 75 occupied sites; 94% economic occupancy across 72 sites
