Property Details for 232 Fran Rd

Property type

Commercial real estate

Description

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.

Location Insight

City

Hanover

County

Jefferson_IN

State

Indiana

Longitude

-85.4684

Latitude

38.7181