Listing courtesy of Carriger Oldfather Realty, Inc · Listing agent: Chuck Oldfather · Cell: 765-469-7458

Virtual tour
ActiveEightplex

4175 S US 31

$459,000

$546.43 / sq ft

Est. $2,901/mo

Peru, IN 46970

  • 12.2 acres
Bedrooms
2
Bathrooms
1
Living area
840 sq ft
Lot
12.15 ac
Year built
1960
Type
Eightplex
Listed
April 21, 2026
MLS #
202614100

About this home

Mobile Home Park on US 31, with 12 Hook-up sites with each site having their own electric meters. 1 mobile home included, and 2 bedroom home on this property also. Morton pole building 40' x 60' with cement floor and electric included. 10 acres of tillable farm ground. The property has 12.15 total acres. The property is serviced by 1 well and 1 septic system. This property includes US 31 frontage. This property is listed as Commercial Listing also with list # 202609210

Monthly payment estimate

$2,901/mo

Principal & interest
$2,512
Property taxes
$255
Homeowners insurance
$134
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
  • Insurance: estimated at 0.35% of the price per year.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
Change taxes, insurance and more in the full calculator

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Property details

Interior

Stories
1
Total area
840 sq ft
Finished area above grade
840 sq ft
Bedrooms above grade
2
Basement
Slab
Heating
Electric, Natural Gas, Forced Air
Amenities
Off Street Parking

Exterior & parking

Construction
Metal Siding
Parking
Aggregate, Private
Private pool
No
Other structures
Pole/Post Building
Outbuilding 1
2,400 sq ft
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Irregular Lot, Level
Lot size (acres)
12.15 ac
Lot dimensions
12.15 Acres
County
Miami County
Township
Pipe Creek
Road frontage
State Road
Platted
Yes
Planned unit development
No
Directions
Take US 31 South past 400 South in Miami County, property. Property sets on the east side of US 31.

Schools

Elementary school
Pipe Creek/Maconaquah
Middle school
Maconaquah
High school
Maconaquah
School district
Maconaquah School Corp.

Taxes & terms

Annual taxes
$3,061
Tax year
2025
Possession
Day of final closing.
Parcel number
52-11-18-200-011.000-017

Included in the sale

Included in sale
Building,Land

Utilities

Water
Private, Well
Sewer
Septic Tank
Electric provider
Peru Utilities
Gas provider
NIPSCO

Income & commercial

Units
12
Annual gross rent
$60,000
Net operating income
$51,039
Lease term
Month To Month
Parking spaces
12
Pets allowed
No
Tenant pays
Electricity, Heat
Insurance (annual)
$3,500
Electric (annual)
$1,200
Trash (annual)
$1,200

Location

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$459,000

2 beds · 1 bath