730 N Ramp Dr, Greencastle, IN 46135

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Building Details:

These adjacent recreational mobile home communities are heavily influenced by their proximity to Racoon Lake and the Cecil D. Hardin State Recreation Area. Raccoon Lake is a 3,300 acre lake built by the U.S. Corps of Engineers, and offers many water oriented outdoor amenities, including boating, fishing, camping and hiking. Asking Price: $499,900

> Close proximity to Greencastle and Rockville, Indiana.
> One hour from Indianapolis via U.S. 36.
> Superior access to Raccoon Lake via the Portland Mills Boat Ramp.
> Many long term renters and residents.
> Tremendous potential for rental increases (strong upside).
> Net operating income 2009-2010 Season: $47,850
> Annual Scheduled Income $74,400

> 21.64 Acres in five (5) parcels
> 62 Leased sites
> Excellent Parking & Boat Storage
> Zoning: R - 2 Residential
> Roads are white crushed stone
> Tenancy - Seasonal (Recreational)
> Occupancy = 92%
> Telecommunications
> Each pad has separately metered electricity
> Water is provided by well(s)
> Each pad is served by septic