$595,000
$30K PRICE DROP

4684 N St Rd 25 Rochester, IN 46979

Estimated payment $3,581/month

Total Views 9,009
12 Beds
6 Baths
8,000 Sq Ft
$74 Price per Sq Ft

Highlights

  • Water Views
  • Landscaped
  • Partially Carpeted
  • Barn
  • Multiple cooling system units
  • Level Lot

About This Home

Rare Investment Opportunity! Known as Newcastle Township Homesites, this long standing trailer park has been revitalized, restored, and loved for the past 5 years. This is two neighboring parks brought together and brought back to life. New infrastructure and permits exist now to bring this park to maximum occupancy and efficiency. 6 trailers and 2 lots currently rented out. 8 more empty lots ready to rent now and more on the way. Original footprint allows for 32 lots. 21 on east section and 11 on the west half. The REMC and NIPSCO are on board to hook up each additional unit for each new tenant at little or no cost to owner of park. This is a rural trailer park between Rochester and Warsaw Indiana on St Rd 25. Great Schools to choose from.

Listing Agent

Orville Haney

Homes Land & Lakes Realty

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $3,200

Year Built

  • Built in 1972

Lot Details

  • 10 Acre Lot
  • Rural Setting
  • Chain Link Fence
  • Landscaped
  • Level Lot

Home Design

  • Slab Foundation
  • Poured Concrete
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 8,000 Sq Ft Home
  • 1-Story Property
  • Water Views
  • Laminate Countertops

Flooring

  • Partially Carpeted
  • Laminate

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Parking

  • 40 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Schools

  • Mentone Elementary School
  • Tippe Valley Middle School
  • Tippe Valley High School

Farming

  • Barn

Utilities

  • Multiple cooling system units
  • Heating System Uses Gas
  • Private Water Source
  • Private Company Owned Well
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for lawn maintenance
  • Assessor Parcel Number 25-03-22-200-004.022-006

Community Details

Overview

  • 33 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $2,500
  • Maintenance Expense $2,000

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$3,200

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1972
  • Age: 53
  • Architectural Style: Modular
  • Bedrooms: 12
  • Number Above Grade Bedrooms: 12
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: NE NE & NW NE 22-31-5 5.6a With Easement #201401754 and 7 more, please see associated documents
  • Parcel Number ID: 25-03-22-200-004.022-006
  • Platted: Yes
  • Amenities: Cable Ready, Countertops-Laminate, Landscaped
  • Location: Rural
  • Parcel Id2: see associated docs for 7 more
  • Annual Miscellaneous: 1000
  • Monthly Gross Income: 3100
  • Year Taxes Payable: 2025
  • Special Features: None
  • Property Sub Type: MobileManufactured

Interior Features

  • Total Sq Ft: 8000
  • Total Finished Sq Ft: 8000
  • Above Grade Finished Sq Ft: 8000
  • Price Per Sq Ft: 74.38
  • Basement Foundation: Slab
  • Basement Material: Poured Concrete
  • Flooring: Laminate, Part Carpet
  • Number Of Microwaves: 6
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal
  • Fence: Chain Link
  • Stories: 1
  • Outbuilding: Barn
  • Outbuilding Sq Ft: 960

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 40
  • Parking: Gravel, Off Street

Utilities

  • Cooling: Multiple Cooling Units
  • Heating Fuel: Gas
  • Sewer: Septic
  • Water Utilities: Private
  • Electric Company: REMC
  • Gas Company: NIPSCO
  • Well Type: Private
  • Annual Insurance Expense: 2500
  • Annual Maintenance Expense: 2000
  • Number Of W D Hookups: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Tippecanoe Valley
  • Elementary School: Mentone
  • Middle School: Tippe Valley
  • High School: Tippe Valley
  • Elementary School: Mentone

Lot Info

  • Lot Description: Level, 6-9.999, Water View
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 435600
  • Estimated Lot Size Acres: 10

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Lawn Maintenance
  • Tenant Pays: Cable, Electric, Fuel, Heating, Trash Collection

Multi Family

  • Gross Monthly Rent: 3100
  • Number Of Refrigerators: 6
  • Number Of Units: 33
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 3
  • Num Of Efficiencies: 4
  • Num Of Units Rented: 6

Tax Info

  • Annual Property Tax: 3200

MLS Schools

  • High School: Tippe Valley
  • Middle School: Tippe Valley
  • School District: Tippecanoe Valley

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 Price Changed $595,000 -4.8% $74 / Sq Ft
02/18/2025 02/18/25 For Sale $625,000 -- $78 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202505057

Indiana Regional MLS