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1121 State Road 46 W Road, 
Batesville, IN 47006

$535,000


14

Beds


14

Baths


5,000

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Craig Dohman

Century 21 Scheetz - Bloomington

Cell: 812-606-0136

Last updated:

June 15, 2025, 03:34 PM

MLS#

202515671

Source:

Indiana Regional MLS

About This Home

1121 State Road 46 W Road

Turnkey Mobile Home Park Investment – 100% Leased Mobile Home Park with Value-Add Potential. Presenting a fully stabilized mobile home park offering immediate cash flow and value-add potential. This 14-lot park is on city water / city sewer and is 100% occupied with all 14 homes as tenant-owned homes. Easy to manage remotely with maintenance guy on site. Lot rents range from $360–$390/month. Annual Gross Income is $76,523.81; Net Operating Income is $48,994.77. Selling at a 9.16% CAP. The property is zoned B3 (General Business) with additional vacant land ready for further development, opening the door to a range of development possibilities including storage units (see Permitted Use Table). The property also includes a 5,000 sq ft pole barn, currently leased to a commercial tenant. Don’t miss this rare opportunity to acquire a high-performing asset with stable occupancy on city water / city sewer, multiple income streams, and room to grow.

Home Facts

Multi-Family

14 Baths

14 Bedrooms

Built in 1947

Price Summary

535,000

$107 per Sq. Ft.

MLS #:

202515671

Last Updated:

June 15, 2025, 03:34 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

14

Bathrooms

Total Bathrooms:

14

Full Bathrooms:

14

Interior

Living Area:

5,000 Sq. Ft.


Structure

Structure

Building Area:

5,000 Sq. Ft.

Year Built:

1947


Lot

Lot Size (Sq. Ft):

248,292


Finances & Disclosures

Finances

Price:

$535,000

Price per Sq. Ft:

$107 per Sq. Ft.

Source:Indiana Regional MLS
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2025 Indiana Regional MLS LLC.

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