Prairie View Acres is an all ages, 56 lot Mobile Home Community located in the Waterloo, IA MSA. The property is currently at 75% economic occupancy with 41 Tenant Owned Homes (37 single wides and 4 double wides) and one rented park owned home, and 83% physically occupancy when including the 4 vacant park owned homes on site.

The property also features 11 adjoining acres m/l of farm ground that could likely be developed into additional pads, as well as an additional 4 acres m/l surrounding the lagoon system to the north of the property. Currently the 15 acres m/l of vacant ground is rented for an additional $600 per year to a local farmer.

Lot rents are currently a modest $315 per month as of April 1st, 2024.

Currently the property is served by a well and lagoon system. Rural water is available at the road of the park if new ownership would prefer to hook up to a public system.

The current lagoon system could also be hooked up to the city of Raymond, IA and the nearest connection point is approximately half a mile from the subject property.

The water lines in the park were replaced in approximately 2005. The sewer system is original and believed to be Orangeburg. Current ownership has not had any issues with the park infrastructure, including the well and lagoon system. The well and septic lagoon are in compliance with state, county, and local regulations.

Email Broker for more details (Jbergan@c21sre.com)