5866 W 200 S, Wabash, IN 46992

Picturesque 11.35 Acre mobile home community, offering positive cash flow and room to grow. The property features 42 mobile homes, 12 tenant owned, the remaining are rentals with a few rehab projects. Yielding a 9% cap rate currently and could easily be increased to 12% with little initial investment. There is a high need for affordable housing options in Wabash County. The park has recently switched management to a current tenant for better on-site management. There is excess unused acreage on the property that can be converted into additional mobile home lots or other uses. The units are serviced by a well which had a new pump installed recently. There is also a waste water treatment plant for the park.