Evansville Village MHP Investment
For Sale
Contact for pricing
Pending
1900 N Willow Rd, Evansville, IN 47711
Manufactured housing community with 57 lots and growth potential.
Property SizeContact for details
Days on Market154
Property Features for 1900 N Willow Rd
General Information
Standard status
Pending
Property subtype
Mobile Home Park
Building Details
Units
57
Listing Agency:
The MHP Broker
Listed By:
Maxwell Baker · License #GA 335885
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Jul 24 at 6:35PM
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 The MHP Broker
Investment Insights
Based on property information with market context.
Evansville Village MHP is a manufactured housing community located in Vanderburgh County, Indiana, providing access to downtown and major transit routes. The property features 57 permitted lots, including 13 park-owned homes, 13 tenant-owned homes, 9 rent-to-own units with an average payment of $520 and a remaining balance of $144,406, 1 apartment, and 21 vacant lots available for infill. The park operates on city utilities, with sewer services connected to a lift station. One long-term tenant provides park and pump house oversight. The property benefits from the demand for affordable housing among residents working in the local manufacturing, healthcare, and education sectors. The community presents upside potential through infill and rent growth. The park features both paved and gravel roads and driveways in decent condition. The lift station was recently replaced with a $30,000 capital improvement. The property is located outside of any flood zones. Third-party management is a viable option for new ownership. The asking price includes the existing rent-to-own homes as well as all park-owned homes.
Key Highlights
- Significant infill opportunity: 21 vacant lots ready for immediate expansion and increased revenue.
- Strong cash flow with upside: Stabilized community with existing income stream, potential for rent growth.
- Strategic location: Convenient access to downtown and major transportation routes in Vanderburgh County, IN.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 47711, IN
31,266
Population
14,487
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
91%
High-School Grad
16.5 sq mi
ZIP Area
1,895
Density / Sq Mi
$65,398
Median Household Income
$39,114
Median Earnings
$982
Median Rent
$156,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Manufactured housing community with 57 lots and growth potential.
Where is this mobile home & rv park located?
The property is located at 1900 N Willow Rd Evansville, IN.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: Significant infill opportunity: **21 vacant lots ready for immediate expansion and increased revenue.**; Strong cash flow with upside: Stabilized community with existing income stream, potential for rent growth.; Strategic location: Convenient access to downtown and major transportation routes in Vanderburgh County, IN.
