Contact Information

Mobile Home Park Details

  • Price: $980,750
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 8.0%
  • Property ID: 1952160
  • Posted On: Dec 14, 2022
  • Updated On: Mar 10, 2023

Property Description

Lot Rent:

Lot Rent is currently scheduled to be raised to $385 March 01st, 2023. Lot rents in the Dubuque area currently range from the Mid $400's- Mid $500's, offering plenty of upside for new ownership.

The property has low overhead, all tenant owned homes, growth available and solid infrastructure. Current lot rents are still well below market, offering a new owner easy and obtainable upside through lot rent increases. The property also has four vacant lots, which can be infilled for additional income.


The community is on a lagoon system which was rebuilt in 2013, and is served by a chlorine injected Well System.

There are currently 28 occupied and paying homes, with a 29th home being remodeled and sold to a tenant owner, and a 30th occupied by an on site manager. They assist with daily water testing, mowing, posting notices, etc. They are compensated with free lot rent each month.

Current Occupancy:

The current financials are based on 29 Tenant Occupied Homes.


Dubuque, IA is a city of about 98,000 people and growing. Dubuque is nestled on the west side of the Mississippi River and is a recreational hub for the tri-state area of Iowa, Illinois and Wisconsin. Dubuque boasts plenty of river based recreation and is also home to the National Mississippi River Museum & Aquarium.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 85.0 %

Financial Information (Actual)

Gross Income $133,980
Operating Expense $43,500
Net Operating Income $90,500
Expense Ratio 32.5 %
Debt Info

Lot Information

Singlewide Lots: 34

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 0

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