Type:  Investment, Mobile Home Park

Location:   Mt. Vernon, Indiana, 20 miles west of Evansville

Details:  This 59 lot mobile home park located on 10.5 acres.  Nine units are park-owned which brings in additional income.  Eleven lots are currently rented.  The individual units typically rent for $450-600 per month and individual lots rent for $145 per month.  The park currently produces approximately $55,000 in gross rent annually.  With the untapped income of the park and focus from a new owner, there is an opportunity to potentially double the cash flow from this property.  This type of property is a more sophisticated investment than your typical rental property and may offer an attractive cash flow compared to other real estate investments.  The park was recently converted to city water.    

Price:  $400,000

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