Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0%
- Listing ID: 570667
- Posted On: Sep 21, 2015
- Updated On: Sep 9, 2016
Description
Attention Investors
Timber Wolf Valley
Marshalltown Iowa
MONTHLY GROSS IS 50K PLUS
OUT OF TOWN OWNERS!
PROPERTY INCLUDES SEPARATE HOUSE RESIDENCE
ONLY COMPETING PARK 95 % FULL 4 MINUTES AWAY
FULL MANAGEMENT TEAM IN PLACE
LIVE ON SITE MAINTENANCE
152 lots RV AND MH PARK
SUPER POTENTIAL...PRIVATE SALE
OUT OF STATE OWNERS
There is a massive BILLION DOLLAR Aliant project that will go on for years, not to mention the housing required after it is complete. SEVERAL large local employers also
We are the closest park to this massive project.....others don't have space and are FULL. We are THE ONLY "long stay" RV property.
The state parks DO NOT AND WILL NOT ALLOW any person or RV beyond 15 days AND are by the day only ....far more expensive.
This property is on a lagoon system and we have our own water. We are in full compliance with the DNR that governs these systems in Iowa and there are hundreds of them...full permits in place We have our own representative who is a specialist the DNR has listed on their "approved" list. He is an expert and communicates directly with the DNR on our behalf. This is normal for lagoon systems and it keeps us in good standing. There has never been a problem with compliance.
Tenants pay their own Electric and Heat
each mh lot hs its own lp tank.....
There are no red flags or hidden elements on the park details.
Unless you are a SERIOUS buyer with CASH to invest in an asset, its not for you. Please do not contact us and ask for financing, sellers concessions, etc. On the other hand, if you are eager to accumulate a SUBSTANTIAL upside and enjoy the benefits of this property...........contact us.
This is a private sale and no agents are involved...................however you may bring your client.
Thank you.
TWVMHP@GMAIL.COM
HUGE POTENTIAL –SERIOUS BUYERS ONLY
PRIVATE SALE 152 SPACES MARSHALLTOWN, IOWA
PLEASE read the information provided before you contact us
WE ARE PURCHASING A PROPERTY NEARER OUR HOME SO WE ARE MOTIVATED TO SELL TO A CASH BUYER RIGHT AWAY...THANK YOU
PRIVATE SALE.....NO TIRE KICKERS...PROOF OF FUNDS REQUIRED...NO FINANCING HELD...
Amenities
- Storage
Park Information
Community Type: | All Age |
Number of MH Lots: | 152 |
Total Occupancy: | 80.0 % |
Average MH Lot Rent: | $325 |
Size: | 18 acre(s) |
Financial Information
Gross Income: | $200,000 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Treatment Plant |
Park-Owned Homes
Number of Park-owned Homes: | 15 |
Average Rent for Park-owned Homes: | $550 |