Property profile

705 Landess St Van Buren, IN 46991

OFF-MARKET
Mobile home & RV parks
Property ID
US31-2853133
3.07 ac lot Built 1950
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Mobile home & RV parks
Use group MOBILE HOME PARK, TRAILER PARK
Year built 1950
Lot 3.07 ac (133,729 SF)
APN 27-01-16-103-007.000-030
UPID US31-2853133

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

705 Landess St Van Buren, IN 46991
Van Buren metro Census 10800 MARION, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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