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    OFF-MARKET
    Mobile home & RV parks

    705 Landess St, Van Buren, IN 46991

    3.07 ac lot Built 1950
    Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-2853133
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Scott Hamman · 1 yrs held
    Scott Hamman
    since 2024
    1 recorded transaction
    2024
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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