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$347,500

1193 Hannawalt Road Monticello, IN 47960

  • 9 Beds
  • 18 Baths
  • 10,000 sq. Ft
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Property Description
Monticello, Indiana - Commercial Mobile Home Park for sale - Great Investment Close to Indiana Beach - 10 Acres - 1193 Hanawalt Rd Monticello, IN - This 10 acre lot is made up of 5.6 acres commercial and the rest residential. Located at 1193 HANAWALT RD, MONTICELLO, IN, 47960 just on the western edge of town and a quarter mile from Highway 24. The current business is set up as a mobile home park and has the opportunity for so much more! The park is licensed for 33 registered by state lots. The park is set up with 13 lots in the front, 4 currently vacant, and 20 lots in the back open (24 total lots still open). All open lots have utilities ran to them. The owners currently own 3 of the homes in the park being rented. The back southwest corner can easily be made into a home lot, or set up for storage units to be rented to tenants and with rentals being hard to find in the area, this is a great opportunity. Current tenants are loyal and pay on time. There is the option of expanding the mobile home sites, or with Indiana Beach within 10 minutes, a buyer could do RV space rental, camp ground, RV/mobile home Airbnb, buy mobile homes and sell to renters on contract, and so much more. There is year round profit with the opportunity to expand on that or go the more summer specific income route. The northwest section that is zoned residential could be a great spot to put storage units and rent out to tenants. There is currently a storage shed with a riding lawn mower (going with sale), as well as a well building. Walmart and several gas stations and convenience stores are only a 1.5 mile drive. Income: Gross $3,140 a month Expenses: $570.89 a month 1. NIPSCO (electric): $189.29/month average for 2020. 2. Trash: Service with Advanced Disposal is $93.25/month. 3. Taxes: Total Real Estate and Personal Property tax = $1,547.19; $128.93/month. 4. Insurance on the park and three rental homes was $1,913.00 for the year; $159.42/month. The water is from a private well and property has its own septic. Property is ran as self-contained as possible as far as utilities. Owner will need to obtain and maintain a license issued by the state health department. Sale would be for outright ownership and being sold As Is. This park has beautiful woods and country setting on several sides and yet is so close to town. Deer and turkeys can often be seen roaming the back side of the property. The options and opportunities are endless!
Address:1193 Hannawalt Road Monticello IN 47960
Status:Active
on site: 11 days
Price:$347,500
Bedrooms:9 Beds
Bathrooms:9 Full Baths, 9 Half Baths
Sq. Feet:10,000
Year Built:2017
Lot Size:10.00
County: White County
Township: Union
School System : Twin Lakes
MLS #:202114537
Property Type:Other

Lot Dimensions:10 acres
Directions:Off 421 (24) turn north on N 16th st. go until you see E division road, turn left or west, in 1 mile park will be on left.
Total Sq. Ft. :10,000
Basement:No
Loan Price
$2,277
Price And Interest $1,813/month
Property Tax $319/month
MTG INS $0/month
HOME INS $145/month
Price
$347,500
Down Payment %
0 %
Down Payment
$0
Property Taxes
$319/month
Home Owner Insurance
$1,740 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
Tucker Customer Care
Tucker Mortgage
Office +317-472-9201
Courtesy of Tucker Mortgage
Annual Property Tax:$1,913
Tax Year:2021
Subdivision: None
Zip Code:47960
School System:Twin Lakes
High School:Twin Lakes
Middle School:Roosevelt
Elementary School:Meadowlawn
Total Sq. Ft.:10,000
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company, Inc.
Tucker Customer Care
Additional Phone (317) 954-4768
Schedule a Video Chat Tour
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Listing provided courtesy of Mossy Oak Properties/Indiana Land and Lifestyle.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company, Inc. include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.