Mobile Home Park Details

  • Listing ID: 3851366
  • Posted On: Oct 18, 2023
  • Updated On: Jan 15, 2024

Description

Cushman & Wakefield Iowa Commercial Advisors is pleased to present the exclusive offering of Country Estates. This 89-site park is served by a lagoon system, which is in the process of updating. The planned updates cost ~ $200,000. Currently, 43 of the 89 sites are occupied. The property is on a private well system.

Location

Country Estates is a cozy community 20 minutes north of Davenport. Private utilities serve the property. Quiet living in the spacious countryside, the community is a beautiful respite from the hustle and bustle of the nearby metro. Long Grove is a city in Scott County, Iowa. As of the 2020 census, Scott County has a population of 174,669, making it the third-most populous county in Iowa. The Scott county seat is Davenport. Long Grove is 13 miles north of Davenport.

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Park Information

Community Type: All Age
Number of MH Lots: 89
Total Occupancy: 48.3 %
Year Built: 1974
Average MH Lot Rent: $325
Size: 18 acre(s)

Financial Information (Actual)

Gross Income: $167,700
Operating Expense: $131,280
Net Operating Income: $36,420
Expense Ratio: 78.3 %

Utility Information

Water: Well
Water Paid By: Park

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