214 Lincoln Ave | Madison, IN 47250
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214 Lincoln Ave
Madison, IN 47250
Stoneybrook Mobile Home Park · Multifamily Property For Sale
·
292,723 SF
INVESTMENT HIGHLIGHTS
- 7.11% Cap Rate based on In-Place Lot Rent Only
- Low Maintenance – 33 of the 38 homes are Tenant Owned plus the City is responsible for streets and street lights
- Public Utilities – Billed Directly to Tenants
- 9.82% Pro Forma Cap Rate
PROPERTY FACTS
| No. Units | 38 | Building Size | 292,723 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Lot Size | 6.72 AC | Year Built | 2000 |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 6.72 AC |
| Building Size | 292,723 SF |
| Average Occupancy | 98% |
| No. Stories | 1 |
| Year Built | 2000 |
PROPERTY TAXES
| Parcel Number | 39-08-35-333-016-000-007 | Improvements Assessment | $12,100 |
| Land Assessment | $47,500 | Total Assessment | $59,600 |
PROPERTY TAXES
Parcel Number
39-08-35-333-016-000-007
Land Assessment
$47,500
Improvements Assessment
$12,100
Total Assessment
$59,600
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