5866 200th S, Wabash, IN 46992-9747
- Mobile home & RV parks
- 11.35 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 5866 200th S
- Year built
- 1977
- Lot size
- 11.35 lot acres
- Property type
- Mobile home & RV parks
- APN
- 85-14-07-303-018.000-007
- APU
- 851407303018000007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 26, 2025 | $1,700,000 | 5866 W 200 S Wabash LLC | Lakeview Mhp LLC | Warranty Deed | $1.3M · Community First Bank Of Indiana |
| Apr 12, 2022 | — | Lakeview Mhp LLC | Lakeview Mobile Home Park LLC | Intrafamily Transfer · related | $925k · The Fountain Trust Co |
| Feb 2, 2021 | — | Lakeview Mobile Home Park LLC | — | Deed · related | $50k · Monarchl Communitles LLC |
| Jan 19, 2021 | $835,000 | Lakeview Mobile Home Park LLC | Monarch Communities LLC | Warranty Deed | $470k · Northwest Bank |
| Jan 19, 2021 | — | Chad Tucker | — | Deed · related | $50k · Monrach Communities LLC |
| Dec 18, 2019 | — | Monarch Communities Indiana LLC | — | Deed · related | $350k · Mutual Bank Fsb |
| Oct 27, 2014 | — | Monarch Communities Indiana LLC | Demasso LLC | Warranty Deed | $200k · Mutual Bank Fsb |
Description
This exceptional 11.35-acre mobile home community in Wabash, Indiana, presents a lucrative investment opportunity. Currently boasting 42 sites, with 11 tenant-owned mobile homes and the remainder generating rental income, this property offers a strong 9% cap rate with significant upside potential. A recent management change to a current tenant ensures efficient on-site oversight. The property features a recently updated well pump and a dedicated wastewater treatment plant, ensuring reliable infrastructure. Several units are ready for rehabilitation, presenting immediate opportunities to boost profitability and increase the cap rate to 12% with minimal initial investment. The high demand for affordable housing in Wabash County guarantees strong occupancy rates. Furthermore, the substantial excess acreage allows for expansion, creating additional mobile home lots or exploring alternative uses to further enhance revenue streams. This is a rare chance to acquire a well-established, cash-flowing asset with considerable growth potential in a desirable market. The asking price is $1,350,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $785,000
- ML approach
- $815,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wabash
- County
- Wabash
- State
- Indiana
- Longitude
- -85.9008
- Latitude
- 40.7968
- CBSA code
- 47340
- CBSA name
- WABASH, IN MICROPOLITAN STATISTICAL AREA
