Contact Information

Mobile Home Park Details

  • Price: $390,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1505652
  • Posted On: Aug 30, 2021
  • Updated On: Aug 30, 2021

Property Description

The Mobile home park has 35 fully plumbed lots, with 2 more needing only minor utility work to have homes placed. There may also be potential to put in additional lots on the North side of the property. This mobile home park has all new PVC main line utilities and each lot is set up with connections for both mobile homes and RVs. Water meters can easily be added to the lots, at which point all utilities will be directly billed to the tenants. The park is currently operating as an RV and mobile home park, offering new ownership the ability to generate income from RV rents while infilling the park. Sellers currently live on site and are willing to keep their two homes and pay lot rent, or will include their single wides and the current double wide with the sale for no extra consideration. The two Seller occupied homes are factored in to the valuation, so price is flexible if new ownership prefers to charge the sellers lot rent and allow them to keep their homes. Due to the way the park currently operates there is not a solid record of income, only expenses. Contact Broker for additional details.

Location

This mobile home park is located less than 15 minutes from Marshalltown Iowa, and is located 45 minutes from Ames, The Des Moines Metro, and the Cedar Falls Metro respectively. The property has 4 park owned homes on site with a 2022 double wide being placed before the end of Fall.

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Park Information

Community Type: All Age
Number of MH Lots: 37
Year Built: 1970
Size: 5 acre(s)

Financial Information

Operating Expense $21,462
Debt Info

Lot Information

Singlewide Lots: 37

RV Information

Average RV Lot Rent: $475

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: $750

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