Mobile Home Park Details

  • Property ID: 1164391
  • Posted On: Dec 12, 2019
  • Updated On: Nov 2, 2020

Property Description

Capstone Manufactured Housing is pleased to present Gaslight Villa, a 112-site mobile home community located in the Waterloo-Cedar Falls MSA. The community features immediate rental upside due to a solid 96% occupancy and rents currently $100 below the market average. Additionally, Gaslight Villa benefits from the utilization of direct-billed public utilities, with immediate reduction in historical utility expenses. This offering presents the opportunity to acquire a turn-key community with minimal oversight and immediate rental upside from the start of acquisition.

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Park Information

Community Type: All Age
Number of MH Lots: 112
Total Occupancy: 96.0 %
Year Built: 1969
Average MH Lot Rent: $300
Size: 15 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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