4684 Highway 25

9,010 Sq. Ft.
$17 / Sq. Ft.
9,010
Sq. Ft.
$17
per Sq. Ft.

Description

Here's a great opportunity to take over a cash-flowing 11 unit mobile home park on 2.78 acres.  With two tenant owned homes, 9 parked own homes, a 91% physical occupancy rate, and average rents of over $415/month this could be a great addition to your portfolio or a nice sized park to get into the Mobile Home Park space.  The park has two wells, individual septic systems, and a garage for storage.  With a handful of longer term tenants and hassle free utilities this park can make for a great income...Here's a great opportunity to take over a cash-flowing 11 unit mobile home park on 2.78 acres.  With two tenant owned homes, 9 parked own homes, a 91% physical occupancy rate, and average rents of over $415/month this could be a great addition to your portfolio or a nice sized park to get into the Mobile Home Park space.  The park has two wells, individual septic systems, and a garage for storage.  With a handful of longer term tenants and hassle free utilities this park can make for a great income producer from the start.
  1. Listed by James Bausch • RE/MAX Results- Warsaw

Property Details for 4684 Highway 25

Style
Detached
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING CLOSED: 09/18/2020 12:00 AM

Property Details for 4684 Highway 25

StatusSold
MLS #201951119
Days on Market286
Taxes$997 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Other
Year Built2011
Lot Size2.78 AC / 121,097 SF
CountyFulton County

Location

Listing Courtesy of RE/MAX Results- Warsaw

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Building Information for 4684 Highway 25

Stories1Residences9Year Built2011Building Size-Lot Size2.78 AC / 121,097 SF

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$881 per month

30 year fixed, 6.55% Interest

Principal and Interest

$798

Property Taxes

$83

HOA Dues

$0

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Property Information for 4684 Highway 25

Summary
Location and General Information
  • Area: Fulton County
  • City: Rochester
  • Zip Code: 46975
  • County Zoning: C1
  • State: IN
  • Township: Newcastle
  • Grid: 100 Fulton Co.
  • Inside City Limits: No
  • Fips Code: 18049
  • Directions To Property: On St. Rd. 25 in between Talma and Rochester on North side of the road.
  • Location: Rural
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2019
  • Parcel Number Id: 25-03-22-200-004.022-066
School Information
  • School District: Tippecanoe Valley
  • Elementary: Mentone
  • Middle School: Tippe Valley
  • High School: Tippe Valley
Parking
  • Number Of Parking Spaces: 22
  • Parking: Off Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 2.78
  • Lot Dimensions: ~400x~300
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 9010.0
  • Approx Lot Size Sqft: 121097.0
  • Above Grade Finished Sqft: 9010.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 9010.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: 0-2.9999
Property and Assessments
  • New Construction: No
  • Year Built: 2011
  • Age: 9
  • Government Subsidized: Yes
  • Planned Unit Development: No
Utilities
  • Sewer: Septic
  • Water Utility: Well
Interior and Exterior Features
Exterior Features
  • Amenities: Other-See Remarks
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 9
  • Number of Refrigerators: 7
  • Number of W/D Hookups: 9
  • Number of Washers: 0
  • Basement Material: Poured Concrete
  • Basement: No
  • Basement/Foundation: None
  • Cooling: Central Air, Window, None, Other
  • Flooring: Mixed
  • Heating/Fuel: Gas, Forced Air
  • Stories: 1
  • Number of Above Grade Bedrooms: 21
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 21
  • Total Number of Full Baths: 9
  • Total Number of Half Baths: 0
  • Total Baths: 9
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 6
  • Num Of 3 Bedrooms: 3
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 9
  • Number of Units: 9
  • RI/MF Occup Permit: Yes
Income & Expenses Information
  • Annual Electric Expense: $3,335.00
  • Annual Fuel Expense: $3,335.00
  • Annual Gross Rent $: $30,861
  • Annual Insurance Expense: $1,745
  • Annual Maint. Expense: $4,294
  • Annual Misc: $0
  • Annual Net Income: $17,154
  • Annual Property Tax: $997
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $2,572
  • Gross Monthly Rent: $2,572
Rental
Rental Information
  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Maintenance, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Fuel, Heating, Lawn Maintenance

Property History for 4684 Highway 25

DateEvent & SourcePriceAppreciation
Sep 18, 2020

Sold

Indiana Regional MLS #201951119

$157,000
Sep 7, 2020

Pending

Indiana Regional MLS #201951119

Nov 26, 2019

Listed (Active)

Indiana Regional MLS #201951119

$159,000
DateEvent & SourcePrice
09/18/2020

Sold

Indiana Regional MLS #201951119

$157,000
09/07/2020

Pending

Indiana Regional MLS #201951119

11/26/2019

Listed (Active)

Indiana Regional MLS #201951119

$159,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 4684 Highway 25

Taxable ValueLand$23,300Additions$12,500Total$35,800
Tax Record2025$515 ($43 / month)
Home Facts
Beds0Lot Size316,681 SqFtStyleMiscellaneous ResidentialYear Built1972CountyFULTONAPN25-03-22-200-004.020-006

Schools near 4684 Highway 25

This home is within Tippecanoe Valley School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Mentone Elementary School
PublicPK to 5

Tippecanoe Valley Middle School
Public6 to 8

Tippecanoe Valley High School
Public9 to 12

Akron Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Results- Warsaw

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.