Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Cap Rate: 8.8%
- Listing ID: 456563
- Posted On: Jun 24, 2014
- Updated On: Sep 22, 2014
Description
Valli Village is a 65 site mobile home park located in Grimes, Iowa, which sold on September 19, 2014.
This property had MULTIPLE OFFERS, was a cash sale (not subject to financing), and had a fast close.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 65 |
| Total Occupancy: | 99.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $295 |
| Size: | 13 acre(s) |
Financial Information
| Gross Income: | $260,560 |
| Operating Expense: | $122,733 |
| Net Operating Income: | $137,827 |
| Expense Ratio: | 47.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
