Contact Information
David Kempen
License: Iowa and Illinois
RE/MAX Best Commercial
Mobile Home Park Details
- Price: $350,000
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0% (Actual)
- Listing ID: 7012837
- Posted On: Feb 26, 2026
- Updated On: Jun 3, 2026
Description
Mobile Home Park Investor Dream Scenario
This is an entry level park that is easy to manage from out of town.
All utilities direct billed to the residents including trash. Landlord doesn't receive any utility / garbage bills.
City owned and maintained street.
The only expenses are taxes, insurance, mowing two lots, and licensing.
Below market rents.
Only one park owned home.
The water and sewer lines were replaced in recent years by the owner.
Income is based off lot rent only and not the home rent.
One 2023 model home is included in the sale price.
Broker owned.
Location
Erie is a quiet and homey town only 20 minutes away from the Quad Cities (Metro Population 470,000)! Erie has a highly rated school district, primarily owner-occupied homes, and a healthy mix of ages in this small town-community.
Park Information
| Number of MH Lots: | 9 |
| Total Occupancy: | 77.0 % |
| Average MH Lot Rent: | $399 |
Financial Information (Actual)
| Gross Income: | $44,498 |
| Operating Expense: | $9,731 |
| Net Operating Income: | $34,767 |
| Expense Ratio: | 21.9 % |
Lot Information
| Singlewide Lots: | 9 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $950 |