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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.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

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

Download Documents

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