25 Bear Creek Dr - Manufactured Housing/Mobile Housing FOR SALE


Marengo, IA 52301
$1,250,000 USD
319-310-6173
25 Bear Creek Dr, Marengo, IA for Sale
$1,250,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/4
null | 9.5% Cap Rate

25 Bear Creek Dr
Marengo, IA 52301


HIGHLIGHTS

  • Well maintained

OVERVIEW

Well maintained manufactured home community. 9.5%+ Cap Rate return. 40 lots total with 32 currently occupied. Includes 12 park home rentals that are fully occupied. All utilities including city water and sewer billed directly to resident. Seller will not consider contract sale. Seller will help train new owner if needed.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$4 USD /SF

# OF UNITS

40

PRICE/UNIT

$31,250

CAP RATE

9.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.45 AC

LAND SF

280,958 SF

ZONING

MHP

APN/PARCEL ID

112503022,112503024,112503026

ASK ABOUT THIS PROPERTY

Tony HocampSandersfeld Realty CompanyMore Info
319-310-6173

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Tony HocampSandersfeld Realty CompanyMore Info
319-310-6173

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.