Contact Information

Mobile Home Park Details

  • Price: $115,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Property ID: 1247047
  • Posted On: Apr 25, 2020
  • Updated On: Apr 25, 2020

Property Description

Mobile home park near the Des Moines metro with 6 tenant owned homes, and a total of 15 spaces with utility hookups. Upside potential in raising lot rents and placing additional units.

Location

Mobile Home park within commuting distance to the Des Moines Metro.

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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 40.0 %
Year Built: 1950
Average MH Lot Rent: $190
Size: 1 acre(s)

Financial Information (Pro Forma)

Gross Income $13,680
Operating Expense $3,644
Net Operating Income $10,036
Expense Ratio 26.6 %
Debt Info

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 0

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