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Clarion MHP 701 4th Street Northwest, Clarion, IA 50525

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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.9% (Pro Forma)
  • Listing ID: 1300909
  • Posted On: Aug 5, 2020
  • Updated On: Dec 2, 2020

Description

10 pad park with 8 tenant owned homes on site and two vacant lots. All public utilities with owner currently paying water and sewer. Contact Listing Broker for OM and additional details.

Location

Mobile home park in Clarion, IA. Commuting distance to both the Fort Dodge and Webster City metros.

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Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 100.0 %
Year Built: 1977
Average MH Lot Rent: $325
Size: 1 acre(s)

Financial Information (Pro Forma)

Gross Income: $31,200
Operating Expense: $13,414
Net Operating Income: $17,786
Expense Ratio: 43.0 %

Lot Information

Singlewide Lots: 10

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
Average Rent for Park-owned Homes: $325

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