Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0% (Actual)
- Listing ID: 960264
- Posted On: Jun 19, 2018
- Updated On: Jul 9, 2018
Description
Mobile home park in the heart of Des Moines. Surrounding uses are single family homes, apartments and light commercial. Park was built in 1948 and was expanded from 1960-1968. Part of park is in a special flood plain designated by FEMA.
More Info:
http://properties.iowacommercial.com/radiocity-mobilehomepark
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 125 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1948 |
| Average MH Lot Rent: | $425 |
| Size: | 13 acre(s) |
Financial Information (Actual)
| Gross Income: | $742,500 |
| Operating Expense: | $406,659 |
| Net Operating Income: | $335,841 |
| Expense Ratio: | 54.8 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
