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
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

  • Purchase Method: New Loan
  • Cap Rate: 7.0%
  • Listing ID: 899659
  • Posted On: Feb 19, 2018
  • Updated On: Apr 10, 2018

Description

Please use link below to access additional information, including a document vault of due diligence items (email sign up and CA required to view documents)

http://properties.iowacommercial.com/Sunset-Village-Mobile-Home-Park-For-Sale

Sunset Village is located in the heart of Hiawatha, Iowa. Surrounding uses include apartments, storage units, commercial and railroad tracks. This park is minutes from Interstate 380 and is 10 minutes from Walmart, Target and restaurants. A grade school is 5 minutes away. The location is quiet yet convenient. The Cedar Rapids Metro (Cedar Rapids-Hiawatha-Marion) Area/ MSA has a 250,000+ Population and is home to Fortune 500 companies such as RockwellCollins, Aegon, and Quaker Oats (Pepsico.). The economy is known for its low unemployment and stability. The City is diverse and is known for the quality of life, medical, and quality of the schools. Cedar Rapids was the home of the world famous painter, Grant Wood. The average home price is $132,000.

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Park Information

Community Type: All Age
Number of MH Lots: 84
Total Occupancy: 89.0 %
Year Built: 1978
Average MH Lot Rent: $285
Size: 9 acre(s)

Financial Information (Actual)

Gross Income: $295,296
Operating Expense: $137,969
Net Operating Income: $104,447
Expense Ratio: 46.7 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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