Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1330357
  • Posted On: Sep 28, 2020
  • Updated On: Nov 20, 2020

Property Description

Small park in Eastern Iowa with upside potential in lot rent and transitioning away from park owned homes. Owner pays water and sewer, all other utilities are paid directly by the tenants. Contact Broker for additional details.

Location

Within commuting distance to Washington and Fairfield, Iowa. Less than an hour to the Iowa City metro

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Park Information

Community Type: All Age
Number of MH Lots: 7
Average MH Lot Rent: $125

Financial Information (Actual)

Gross Income $20,003
Operating Expense $13,328
Net Operating Income $6,675
Expense Ratio 66.6 %
Debt Info

Lot Information

Singlewide Lots: 7

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $410

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