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Olinger & Associates, Inc.
6000 W State Rd 45th Rd, Bloomington, IN 47403
- $847,000
- 33
- BD
- 13
- BA
- 10,400
- SqFt
Listing courtesy of Larry Carpenter III from Carpenter Realty LLC. office: 812-559-0458
- List Price
- $847,000
- Status
- ACTIVE
- MLS#
- 202601983
- Price Change
- ▼ $50,000 1790102075
- Year Built
- 1970
- Days On Market
- Unknown
- Bedrooms
- 33
- Bathrooms
- 13
- Living Area
- 10,400
- Township
- Van Buren
Property Description
Full Moon Farm Mobile Home Park presents an outstanding, turnkey investment opportunity that combines strong in-place cash flow with compelling upside potential. This state-approved, well-established park currently generates over $140,000 in annual revenue from 10 mobile homes, 3 efficiency apartments, and on-site storage units, all supported by a solid rental history and well-maintained units. All roofs across the property have been replaced within the past year, significantly reducing near-term capital expenditures, and multiple interior updates have already been completed to further enhance tenant appeal and long-term durability. A key value-add advantage is the presence of existing sewer connections, allowing for additional units and future income growth without major infrastructure investment. Ideally positioned just minutes from Highway 37 and Westside’s thriving shopping and dining corridor, the property benefits from consistent tenant demand and market stability. With attractive current returns, minimal deferred maintenance, and clear expansion potential, Full Moon Farm Mobile Home Park represents a rare opportunity to acquire a high-performing asset with immediate income and scalable long-term upside.
Additional Information
- Acres
- 6.32
- Taxes
- $9,826
- Lot Features
- Irregular Lot
- Water
- City
- Heating
- Electric
- Cooling
- Central Air, Window/Wall
- Flooring
- Vinyl
- School District
- Monroe County Community School Corp.
- Elementary School
- Highland Park
- Middle School
- Batchelor
- High School
- Bloomington North
- Agent Name
- Larry Carpenter III
Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 