Contact Information

Mobile Home Park Details

  • Price: $385,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.2%
  • Property ID: 2114302
  • Posted On: Mar 7, 2023
  • Updated On: Mar 7, 2023

Property Description

Located about 30 minutes south of Iowa City, this park and storage facility is available for $385,000. The park has 8 vacant lots and the storage facility has 41 units that range between 90%-95% occupancy throughout the year.

There are 41 storage units on the property:

21 10’x20’ at $70/month

11 10’x10’ at $50/month

4 5’x10’ at $35/month

2 10’x5’ at $35/month

3 8’x20’ at $65/month

*The 8’x20’ units are shipping containers that are located on the property

The mobile home park has 8 lots that are all currently vacant. The income information below is 2022 actuals from storage income only.


This property is located 10 miles north of Washington, IA on Iowa Highway 1. It is approximately 30 miles south of Iowa City.

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Park Information

Community Type: All Age
Number of MH Lots: 8
Total Occupancy: 0.0 %
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $28,595
Operating Expense $8,457
Net Operating Income $20,138
Expense Ratio 29.6 %
Debt Info

Lot Information

Singlewide Lots: 8

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0

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