7662 Arba Pike, Fountain City, IN
$ 399,900
Property Attributes
  • MLS#202318529
  • TypeMulti-Family
  • CountyWAYNE
  • CityFountain City
  • AreaFranklin
  • Zip47341
  • Style
  • Year Built1970
  • Taxes$ 3962
  • Price$ 399,900
  • Bedrooms9
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Indiana Regional MLS (IRMLS)
Property Description

Check out this investment opportunity in Fountain City! This 9.14 acre mobile home park has a total of 23 lots. 17 lots are currently leased month to month. The lot rent is $285/month. There is a well and septic on the property. Tenant pays electricity.

Elementary School Middle School High School
Northeastern Elementary School Northeastern Middle School Northeastern High School
Price History
6/2/2023 Listed $424,900
9/6/2023 6% - $399,900

General Features

Age 53
Agent First Name Paul
Agent Last Name Faddis
Area Wayne County
Assoc. Dues Frequency Not Applicable
Associated Document Count 2
Auction Y/n No
City Fountain City
Cooling None
DOM 187
Elementary School Northeastern
Features Countertops-Laminate
Fips Code 18177
Heating Electricity
High School Northeastern
Legal Description PT NE & SE 28-15-1 9.135A
Middle School Northeastern
Net Income 57838
New Construction No
Ownerpays Tax
Pet Restrictions Y/n No
Pool Y/N No
Rent Income 61800
School District Northeastern Wayne Schools
Sewer Septic
Status Active
Status Active
Street Name Arba
Style Other
Subdivision Other
Tax Year 2023
Tenant Pays Other
Township Franklin
Type Other
Virtual Tour
Year Built 1970

Interior Features

Basement None
Basement Y/n No
Flooring Carpet
Num. Of 3 Bedrooms 3
Total Number of Units 22

Exterior Features

Co-list Agent 55092
Approx. Lot Size Acres 9.14
Exterior Vinyl
Lot Description 6-9.999
Lot Dimensions x
Lot Size Area 398138
Number of Parking Spaces 22
Outbuilding None
Waterfront Y/N No


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS. Information last updated on December 11, 2023 11:29 AM UTC

Property vs Multi-Family Average in 47341

AVG $400K
AVG $3,962
AVG 113
Data Provided by Inside Real Estate®
Year Built
AVG 1970

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