Marion County Tax Assessor Accounts: R12201, M133742, M335248, M339998, M347100, M351205
Rare Opportunity! This unique rural income property includes a nicely updated farmhouse, 6 rented homes and 2 rented manufactured home spaces (The 2 homes on rented pads are owned by their occupants). Originally built to provide housing for farm labor, the "grandfathered" residential use has been legitimately maintained on this farm zoned property. (Buyer to verify with Marion County- See Administrative Review. Outbuildings include an 8000SF barn with an alarm, concrete floor and updated electrical service and a 1296SF detached 3-5 car garage built in 2007. The attic and full basement areas in the main home could potentially be finished for additional living space.
The property is well maintained. The current owner replaced 4 of the older manufactured homes with newer ones in 2010-2014. A new septic system and new water lines from the on-site well were installed for 8 homes in 2010. A new 3-phase pump was installed in the well in January 2022. The primary home has an electric furnace, heat pump for air conditioning, and back-up generator system. (The underground storage tank for the original oil heat was removed and the soil tested clear of contamination.) Current rental income is $6907.00/month and the Seller will rent-back the primary home from Buyer after closing for additional income.
PLEASE DO NOT DISTURB THE TENANTS LIVING ON-SITE! (showing of rental homes during due diligence only)