Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1330357
- Posted On: Sep 28, 2020
- Updated On: Nov 20, 2020
Description
Small park in Eastern Iowa with upside potential in lot rent and transitioning away from park owned homes. Owner pays water and sewer, all other utilities are paid directly by the tenants. Contact Broker for additional details.
Location
Within commuting distance to Washington and Fairfield, Iowa. Less than an hour to the Iowa City metro
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 7 |
| Average MH Lot Rent: | $125 |
Financial Information (Actual)
| Gross Income: | $20,003 |
| Operating Expense: | $13,328 |
| Net Operating Income: | $6,675 |
| Expense Ratio: | 66.6 % |
Lot Information
| Singlewide Lots: | 7 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $410 |
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