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1121 State Road 46 W Road, Batesville, IN 47006

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For Sale

$535,000

14 beds • 14 baths • 5,000 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $107.00
    Price per square foot

Explore this Property

Turnkey Mobile Home Park Investment 100% Leased Mobile Home Park with Value-Add Potential. Presenting a fully stabilized mobile home park offering immediate cash flow and value-add potential. This 14-lot park is on city water / city sewer and is 100% occupied with all 14 homes as tenant-owned homes. Easy to manage remotely with maintenance guy on site. Lot rents range from $360 $390/month. Annual Gross Income is $76,523.81; Net Operating Income is $48,994.77. Selling at a 9.16% CAP. The property is zoned B3 (General Business) with additional vacant land ready for further development, opening the door to a range of development possibilities including storage units (see Permitted Use Table). The property also includes a 5,000 sq ft pole barn, currently leased to a commercial tenant. Don t miss this rare opportunity to acquire a high-performing asset with stable occupancy on city water / city sewer, multiple income streams, and room to grow.
MLS# 202515671

Courtesy Of Century 21 Scheetz

(812) 336-2100

Property Features

  • Architecture Style
    Other
  • Lot Size
    5.7 Acres

Map and Directions

Directions to 1121 State Road 46 W Road, Batesville, IN 47006

Home seller CENTURY 21 Thacker

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Thacker

(513) 524-2221
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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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