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325 E Cross St
Anderson, IN 46012
Shady Rest MHP · Multifamily Property For Sale
·
20,000 SF
Investment Highlights
- Licensed for 30 mobile homes
- Utilities are not yet billed back, which presents an opportunity to lower expenses
- Currently has 7 vacant lots which, if filled with homes, would bring in an additional $7,000 monthly
- Rent is currently below market value
Executive Summary
Jennifer Stein Real Estate, Inc. in conjunction with MHP Brokerage is pleased to present for sale Shady Rest Mobile Park—a unique investment opportunity featuring a 24-unit mobile home park accompanied by a single-family residence. Situated on a spacious 2.58-acre lot, this property offers significant potential for both immediate income and future growth.
Property Facts
| Price Per Unit | $39,560 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.58 AC |
| Cap Rate | 11.19% | Building Size | 20,000 SF |
| No. Units | 25 | Average Occupancy | 70% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built/Renovated | 1970/2000 |
| Apartment Style | Garden |
| Price Per Unit | $39,560 |
| Sale Type | Investment |
| Cap Rate | 11.19% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.58 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 70% |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2000 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Property Taxes
| Parcel Number | 48-11-01-101-005.000-003 | Improvements Assessment | $118,100 |
| Land Assessment | $20,500 | Total Assessment | $138,600 |
Property Taxes
Parcel Number
48-11-01-101-005.000-003
Land Assessment
$20,500
Improvements Assessment
$118,100
Total Assessment
$138,600
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