Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0%
- Listing ID: 1247047
- Posted On: Apr 25, 2020
- Updated On: Oct 1, 2020
Description
Mobile home park near the Des Moines metro with 5 tenant owned homes, and a total of 15 spaces with utility hookups. Upside potential in raising lot rents and placing additional units. Deer Run mobile home park in Colfax currently charges $275 per lot per month. Contact broker for further details.
Location
Mobile Home park within commuting distance to the Des Moines Metro.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 40.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $190 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $13,680 |
| Operating Expense: | $3,644 |
| Net Operating Income: | $10,036 |
| Expense Ratio: | 26.6 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
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