705 Landess St, Van Buren, IN 46991
This established 11-unit mobile home park presents a compelling value-add investment opportunity in Van Buren, Indiana. Located on a 3.07-acre lot (APN: 27-01-16-103-007.000-030), the property boasts 100% occupancy across its 11 buildings and 13 available pads, offering immediate cash flow and potential for expansion. The park is zoned R-1 (Residential) and benefits from its convenient location, just one mile from Interstate 69 via State Road 5, ensuring easy access for residents and potential future growth. Situated near the world-renowned Pop Weaver Popcorn Company, the property enjoys a unique connection to the "Popcorn Capitol of the World," a town known for its annual Popcorn Festival and strong community identity. This turnkey operation provides a solid foundation for an investor seeking a stable, income-generating asset with significant upside potential. The property's existing infrastructure and ample space for expansion make it an attractive proposition for both seasoned investors and those new to the mobile home park market. The asking price is $230,000. This is a Class C property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.