Mobile Home Park Details

  • Cap Rate: 12.6%
  • Listing ID: 1886263
  • Posted On: Sep 15, 2022
  • Updated On: Dec 16, 2022

Description

Jennifer Stein Cooperating Broker of Record. License #AC90603538

Nice well maintained park in a small Iowa town with a demand for housing. Large employers in the area support the labor force. Many residents have been in place for years. Park consists of 20 Pads, 15 are occupied comprising 5 Tenant owned & 10 Park owned homes. Upside potential is realized by infilling the park and bringing rents up to market levels. Management is willing to stay for 8% of gross rents. The vendor list is also available with local contacts. Easy to maintain grounds with tenants taking care of the landscape. Located inside City limits with ALL City utilities; Water, Sewer & Trash.

Location

Calmar Iowa is a scenic small town located in North Eastern Iowa.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 20
Total Occupancy: 77.7 %
Year Built: 1970
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $100,800
Operating Expense: $15,320
Net Operating Income: $62,980
Expense Ratio: 15.2 %

Other Listings by IRE Investment

Similar Mobile Home Parks for Sale