Granger Mobile Home Park - for Sale in Granger, Iowa
2205 Court
Granger, IA 50109
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Sale Price: $164,000
Seller Information
Scott SimpsonVilla Village
Mobile Home Park for Sale |
|
| Number of MH Lots: | 27 |
| Size: | 3.6 acre(s) |
| Purchase Method: | Cash |
| Status: | Active |
| Property ID: | 113353 |
| Posted on: | Jan 13, 2012 |
| Updated on: | Feb 09, 2012 |
| Price: | $164,000 |
Property Description
27 space mobile home park. Park was just acquired from a bank. Park has city utilities, park pays water, sewer, trash. Currently 12 owner occupied homes. 4 abandon homes (which I will remove as soon as weather permits.
Rents range from 190-235, park has not been managed well for the last several years. Granger is a bedroom community to DesMoines, Iowa 15 minutes to DesMoines and Ankeny Iowa.
There is a lot of upside to this investment.
We will not carry on contract.
Location Description
Granger Iowa, Bedroom community to DesMoines and Ankeny Iowa.
Park Information
| Number of MH Lots: | 27 |
| Total Occupancy: | 44.0% |
| Year Built: | 1960 |
| Average MH Lot Rent: | $200 |
| Size: | 3.6 acre(s) |
Financial Information (Actual)
| Gross Income | $24,000 |
| Operating Expense | $12,000 |
| Net Operating Income | $12,000 |
| Expense Ratio | 50.0% |
| Debt Info | 0.00 |
Lot Information
| Singlewide Lots: | 27 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |