Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 699220
- Posted On: Aug 23, 2016
- Updated On: Dec 4, 2017
Description
Great investment opportunity! This 38 space park is situated on 3.52 acres right in the heart of Conrad, Iowa. The park is located next to the Nature Trail and near the golf course. This property is roughly 3.5 city blocks and has city streets, city water, and city sewer. This property is very desirable, as it has more of a neighborhood feel with large shade trees. There are NO snow removal expenses or street repair costs, due to the street being owned by the city. There is HUGE upside potential as currently ½ of the lots are available for immediate occupancy. The current owner has cleaned up the park tremendously by doing many recent renovations. The park is small enough to be affordable, yet big enough to expand. The sale does include some park owned homes that are currently being rented/sold for additional income. The current on-site manger/handyman is willing to stay and continue the job responsibilities. Contact me for more details on possible seller financing.
Park Information
Community Type: | All Age |
Number of MH Lots: | 38 |
Total Occupancy: | 35.0 % |
Year Built: | 1969 |
Average MH Lot Rent: | $325 |
Size: | 4 acre(s) |