1235 Vance Ave Fort Wayne, IN 46805

Exceptional investment opportunity awaits with Vance Village, a well-maintained mobile home park situated on a 0.6-acre lot at 1235 Vance Ave, Fort Wayne, IN 46805, in thriving Allen County. This Class B, stabilized property boasts 11 pads (10 mobile homes and one stick-built home), currently enjoying 100% occupancy as of May 23, 2024. Built in the 1950s, the park offers a compelling 9.54% cap rate and a strong NOI of $57,135, translating to an attractive price per pad of $54,454.55. The asking price is $599,000. Convenient city water and sewer services are in place, with resident billing for these utilities and trash, streamlining management. Third-party management is currently in place. The property is zoned MHC, providing stability and future development potential. This turnkey operation presents a rare opportunity for immediate income generation and long-term growth in a desirable location. The property's strong performance metrics and established infrastructure make it an ideal addition to any investor's portfolio. This is a truly exceptional opportunity to acquire a high-performing mobile home park in a prime location.