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 |