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- LoopNet Team
239 N Park Ave
Martinsville, IN 46151
Carmel Apple Court · Multifamily Property For Sale
·
3,000 SF
INVESTMENT HIGHLIGHTS
- On-Site Management and Maintenance
- Water is sub-metered
- Opportunity to increase cash flow through filling vacancy
PROPERTY FACTS
| No. Units | 37 | Lot Size | 3.94 AC |
| Property Type | Multifamily | Building Size | 3,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1975 |
| Building Class | C | ||
| Zoning | PUD | ||
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.94 AC |
| Building Size | 3,000 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Zoning | PUD |
ABOUT 239 N PARK AVE , MARTINSVILLE, IN 46151
Mobile Home Park now for sale in Martinsville, IN! The 38 lot mobile home park offers on site management which keeps the grounds in excellent condition. 27 of the 38 lots are occupied with 6 of the vacant trailers currently being remodeled. All water is sub-metered and the entire park was re-piped 2 years ago. The entire park was recently graded and re-graveled as well. The park is being listed at a 10.5% CAP Rate with extreme value add in filling the vacant trailers/lots. This is an excellent opportunity to invest in a very well run and maintained mobile home park at a very aggressive asking price!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 38 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $288,800 | |
| Land Assessment | $195,800 | Total Assessment | $484,600 |
PROPERTY TAXES
