Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1902015
- Posted On: Oct 4, 2022
- Updated On: Jan 17, 2023
Description
NAI Martens is pleased to offer Albia and East Kinkaid MHP located in southeast Iowa. The two communities are comprised of 51-spaces on all public utilities and located less than an hour away from one another. Management is already in place at both communities allowing for an out of state owner to manage the portfolio from afar. New ownership can find large upside by passing through utilities onto the tenants, raising below market rents, lease up of vacant homes, and infilling vacant lots. Additionally, Albia & East Kinkaid feature majority tenant owned homes across the portfolio.
IA Broker of Record: Kevin Crowley, SIOR - #B17147000
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 51 |
Total Occupancy: | 64.7 % |
Average MH Lot Rent: | $270 |
Size: | 5 acre(s) |
Lot Information
Singlewide Lots: | 51 |
Utility Information
Water: | City |
Sewer: | City |