Mobile Home Park Details
- Listing ID: 3851366
- Posted On: Oct 18, 2023
- Updated On: Jan 15, 2024
Description
Cushman & Wakefield Iowa Commercial Advisors is pleased to present the exclusive offering of Country Estates. This 89-site park is served by a lagoon system, which is in the process of updating. The planned updates cost ~ $200,000. Currently, 43 of the 89 sites are occupied. The property is on a private well system.
Location
Country Estates is a cozy community 20 minutes north of Davenport. Private utilities serve the property. Quiet living in the spacious countryside, the community is a beautiful respite from the hustle and bustle of the nearby metro. Long Grove is a city in Scott County, Iowa. As of the 2020 census, Scott County has a population of 174,669, making it the third-most populous county in Iowa. The Scott county seat is Davenport. Long Grove is 13 miles north of Davenport.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 89 |
| Total Occupancy: | 48.3 % |
| Year Built: | 1974 |
| Average MH Lot Rent: | $325 |
| Size: | 18 acre(s) |
Financial Information (Actual)
| Gross Income: | $167,700 |
| Operating Expense: | $131,280 |
| Net Operating Income: | $36,420 |
| Expense Ratio: | 78.3 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
