Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 6451675
  • Posted On: Jun 28, 2024
  • Updated On: Nov 1, 2024

Description

This 67 lot mobile home park in Muscatine, IA offers an excellent investment opportunity. Key highlights include:

49 occupied lots with tenant-owned homes plus a single-family home on one of the properties.

11 additional POHs that once they are rehabbed would create an additional 100k in gross income!

Recently raised lot rent to $320, with market potential of $450

Well-maintained infrastructure with PVC water and sewer lines

Private well (240 ft deep) and septic system with new leech pipes

Asphalt roads throughout the park

Established park with most homes from the 1970s-1990s

On-site management and maintenance staff

Convenient location with nearby comparable parks charging higher rents

Location

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Park Information

Community Type: All Age
Number of MH Lots: 67
Year Built: 1970
Average MH Lot Rent: $325
Size: 10 acre(s)

Financial Information (Actual)

Net Operating Income: $118,980

Utility Information

Water Paid By: Park

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