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$399,900   Price Analysis
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7662 Arba Pike
Fountain City, IN 47341
0 bed None bath unknown SqFt ($0/SqFt)
9.14 acre lot. Built 1970
Listed 2023-06-02, Taxes $2,855
USDA Eligible
near Fountain City, IN
 

Check out this investment opportunity in Fountain City!

* Sale Pending *

This 9.14 acre mbile home park has a total of 23 lots. 17 lots are currently leased month to mont h.

The lot rent is $285/month. There is a well and septic on the property. Tenant pays electricity.


Presented by Paul Faddis at
Tarter Realty Auction And Appraisal Company.
Listing Agent Photo

Property MLS #202318529 from IRMLS

Bedrooms: 0

Total Bathrooms: 0 / 0

Heating Features: Electricity

Flooring: Carpet

Lot Description: 6-9.999
Lot Size Acres: 9.14
Lot Size Dimensions: x
Lot Size Square Feet: 398138

Garage Spaces: 22

Elementary School: Northeastern
High School: Northeastern
Middle School: Northeastern
School District: Northeastern Wayne Schools

Northeastern Elementary School is a public elementary school located approximately 1.7 miles away.
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Northeastern High School is a public high school located approximately 1.9 miles away.
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Northeastern Middle School is a public middle school located approximately 1.9 miles away.
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Hinshaw Parochial School Amish is a private elementary and middle school located approximately 2.4 miles away.
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Number of Units: 22
Number of 3 Bedroom Units: 3

Income Includes: 61800

Community Features: Countertops-Laminate

Annual Tax Amount: 3962
Source Listing Status: Pending
County: Wayne County
Directions: SR 28 to US 27. Straight on US 27 to Fountain City. Left on Fountain City Pike. Right on Arba Pike.
Tax Year: 2023
Source Property Type: INVESTMENT
Owner Pays: Tax
Parcel Number: 89-14-28-000-208.000-011
Township: Franklin
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$109,500 + $33,000
$142,500
$2,855
2020$109,700 + $33,000
$142,700
$2,860
2019$92,000 + $48,500
$140,500
$2,809
2018$147,400 + $86,000
$233,400
$5,168
2018$177,200 + $81,200
$258,400
$5,168
2017$148,800 + $88,800
$237,600
$4,551
2016$143,600 + $90,600
$234,200
$4,482
2015$146,700 + $90,600
$237,300
$4,346
2013$141,800 + $93,700
$235,500
$4,749
2012$142,900 + $91,100
$234,000
$4,632
2011$164,000 + $57,700
$221,700
$4,179
2009$156,800 + $52,800
$209,600
$4,020

Price Changed 2023-09-06
$399,900
IRMLS
Listed 2023-06-02
$424,900
IRMLS
Sold 2022-03-07
$275,000
Public Record
Sold 2019-11-04
$175,000
Public Record
Sold 2018-08-27
$84,295
Public Record
Sold 2016-12-20
$250,000
Public Record

Net Operating Income: 57838

Year Built: 1970
Property Age: 54

Sewer: Septic
Well
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.