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Contact Information

Mobile Home Park Details

  • Price: $9,460,000
  • Cap Rate: 6.0%
  • Listing ID: 6977348
  • Posted On: Sep 23, 2025
  • Updated On: Oct 22, 2025

Description

Marcus & Millichap is pleased to present the exclusive offering of Radio City Mobile Home Park, a large-scale manufactured housing community located in Des Moines, Iowa. The property contains 155 developed sites (licensed for approximately 170) and is currently 79% occupied, providing a balance of stabilized income and meaningful value-add potential through lease-up. With average lot rents of $645 per month, Radio City offers attractive in-place revenue and significant upside via occupancy growth and incremental rent adjustments. The community is serviced by public water and sewer with sub-metering in place, allowing for resident utility reimbursement and reduced operating expenses.

Location

Please visit the link below which will take you to the properties landing page in order to access the data room.

https://www.marcusmillichap.com/properties/189750/radio-city

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 155
Total Occupancy: 79.0 %
Year Built: 1980
Size: 13 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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