Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.0%
- Listing ID: 3798004
- Posted On: Oct 7, 2023
- Updated On: Nov 11, 2023
Description
In summary, a mobile home park in Decorah, Iowa, can provide an affordable and close-knit community living experience, with the added benefit of being in a beautiful location and potentially serving as a sound investment opportunity.
Location
Overall, Decorah, Iowa, is a picturesque and culturally rich community with a strong connection to its natural surroundings. It offers a blend of outdoor beauty, cultural attractions, and a warm, welcoming atmosphere.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 70.0 % |
| Year Built: | 1996 |
| Average MH Lot Rent: | $250 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $3,590 |
| Operating Expense: | $1,077 |
| Net Operating Income: | $2,513 |
| Expense Ratio: | 30.0 % |
| Debt Info: | none |
Lot Information
| Doublewide Lots: | 15 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $475 |
