Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 387755
- Posted On: Jul 19, 2013
- Updated On: Jan 13, 2014
Description
Opportunity to acquire a well maintained, stabilized, all age community with an attractive layout within Mason City, IA.
The community is serviced by municipal utilities through Mason City and residents are billed back for water and sewer.
In addition to the community, the offering includes 23 home notes priced at the current balance and 1 inventory home at retail price (all do NOT have to be sold with the community).
Additional 5.79 acres available South of the subject with frontage on 0th St. Ideal for future expansion of community or the addition of a self storage facility that could cater to a new 55+, upscale apartment complex just to the East.
Location
Gracious Estates is conveniently located on the West side of Mason City, IA, just off of Highway 122, which cuts through the center of the city and is known as the path of growth towards Interstate 35.
Mason City has a population of approximately 28,000 and is located minutes from Interstate 35, which leads to Minneapolis, MN roughly two hours to the North and Des Moines, IA two hours to the South.
The community is in close proximity to several of Mason City's major employers including Mercy Health Center, the largest employer in the city, and the Armour Eckrich meat processing plant, both less than a mile from the community.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 184 |
| Total Occupancy: | 79.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $212 |
| Size: | 30 acre(s) |
RV Information
| Number of RV Lots: | 7 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
