1539 600Peru, IN 46970

For Sale
$1,500,000

High-Yield Income Property, 44 Pads

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity consists of a two-park portfolio totaling 44 pads situated on 7.35 acres in Peru and Bunker Hill, Indiana. The property boasts a strong 8.33% capitalization rate and a current Net Operating Income (NOI) exceeding $125,000 annually. Currently operating at 64% occupancy, this portfolio presents a significant value-add opportunity with potential for increased revenue through improved occupancy. The parks benefit from an on-site manager and a pet and smoking-free policy. Strategically located near Grissom Joint Air Reserve Base, the property is situated in a desirable area of Miami County, approximately 73 miles north of Indianapolis. The asking price for this income-generating asset is $1,500,000. This portfolio offers a compelling combination of stable income, growth potential, and a desirable location, making it an attractive investment for discerning buyers. Detailed financial statements are available upon request.

Highlights

  • 8.3% Cap Rate.
  • Value-add opportunity.
  • On-site manager.
  • Pet-free and smoke-free building.
  • Annual Net Operating Income (NOI) exceeding $100,000.

Property Details for 1539 600

Property type
Multifamily properties, Mobile home & RV parks
Lot Size (sq. ft)
320,166 SF

Location Insight

City
Peru
County
Miami
State
Indiana
Latitude
40.6776906
Longitude
-86.1022774
1539 600, Peru, Indiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1539 600
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message