Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1194754
  • Posted On: Feb 25, 2020
  • Updated On: Jul 17, 2020

Property Description

Fully occupied park in North East Iowa with tenants paying all of their own utilities, All trailers are on city utilities. Little deferred maintenance throughout the park, on site handyman, and upward potential in lot rents.

Net Income listed does not include income brought back in from tenant utility bill back. Additional financials are available upon request.

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Park Information

Number of MH Lots: 33
Total Occupancy: 100.0 %
Average MH Lot Rent: $165

Financial Information (Actual)

Gross Income $106,721
Operating Expense $55,785
Net Operating Income $50,936
Expense Ratio 52.3 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - RUBs
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $465

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