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$ 350,000
Est. payment | /mo
2.1 Acres Lot
$ 350,000
Est. payment | /mo
2.1 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202608072
Construction Status Resale
Year Built 1990
Annual Tax Amount $3,090
Lot Size 2.104 Acres
Acres 2.104
Property Sub-Type Multi Family
Property Description
Value-Add Investment Opportunity in Madison, Indiana! This mobile home park features 8 total rental spots along with an additional single-family home and garage located on the property, providing multiple income streams. Property is being sold strictly as-is and priced to reflect its current condition. Exterior components, mechanical systems, and interior finishes will all require attention and a substantial capital improvement budget should be anticipated prior to stabilization. Significant deferred maintenance is present throughout the property. Cash buyers with construction resources and value-add experience strongly preferred.
Conveniently located near local amenities, employment centers, and major routes, this property is well-positioned in a market with consistent affordable housing demand. Value-add opportunities include rental increases, infill optimization, and property-wide improvements. A rare chance to acquire a distressed multi-unit income property at a price that reflects the work ahead and strong long-term upside for the right investor.
Conveniently located near local amenities, employment centers, and major routes, this property is well-positioned in a market with consistent affordable housing demand. Value-add opportunities include rental increases, infill optimization, and property-wide improvements. A rare chance to acquire a distressed multi-unit income property at a price that reflects the work ahead and strong long-term upside for the right investor.
Location
State IN
County Jefferson_ I N
Interior
Fireplace No
Exterior
Present Use Multi-Family,Other,Residential,Single Family
Building
New Construction No
Construction Status Resale
Others
Tax ID 0100128600
Virtual Tour https://www.corelistingmachine.com/home2/83PAKX
Listed by NextHome Wilson Real Estate
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