Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 7.0%
- Listing ID: 899659
- Posted On: Feb 19, 2018
- Updated On: Apr 10, 2018
Description
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http://properties.iowacommercial.com/Sunset-Village-Mobile-Home-Park-For-Sale
Sunset Village is located in the heart of Hiawatha, Iowa. Surrounding uses include apartments, storage units, commercial and railroad tracks. This park is minutes from Interstate 380 and is 10 minutes from Walmart, Target and restaurants. A grade school is 5 minutes away. The location is quiet yet convenient. The Cedar Rapids Metro (Cedar Rapids-Hiawatha-Marion) Area/ MSA has a 250,000+ Population and is home to Fortune 500 companies such as RockwellCollins, Aegon, and Quaker Oats (Pepsico.). The economy is known for its low unemployment and stability. The City is diverse and is known for the quality of life, medical, and quality of the schools. Cedar Rapids was the home of the world famous painter, Grant Wood. The average home price is $132,000.
Park Information
Community Type: | All Age |
Number of MH Lots: | 84 |
Total Occupancy: | 89.0 % |
Year Built: | 1978 |
Average MH Lot Rent: | $285 |
Size: | 9 acre(s) |
Financial Information (Actual)
Gross Income: | $295,296 |
Operating Expense: | $137,969 |
Net Operating Income: | $104,447 |
Expense Ratio: | 46.7 % |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |