Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 113353
- Posted On: Jan 13, 2012
- Updated On: Jan 18, 2013
Description
27 space mobile home park. Park was just acquired from a bank. Park has city utilities, park pays water, sewer, trash. Currently 15 owner occupied homes.
Rents are 235, park has not been managed well for the last several years. Granger is a bedroom community to DesMoines, Iowa 15 minutes to DesMoines and Ankeny Iowa.
Currently working with Plumber to meter the park. Therfore expenses will go down 600.00 per month.
There is a lot of upside to this investment.
We will not carry on contract.
Location
Granger Iowa, Bedroom community to DesMoines and Ankeny Iowa.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 27 |
| Total Occupancy: | 44.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $200 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $33,800 |
| Operating Expense: | $15,000 |
| Net Operating Income: | $18,800 |
| Expense Ratio: | 44.4 % |
| Debt Info: | 0.00 |
Lot Information
| Singlewide Lots: | 27 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |