Properties for Sale

# 1201 - Northern/Central, Iowa, United States

Basic Details
Property Type : Mobile Home Community
Age of Community : 1970
Ref ID : # 1201
Owner Occupied : 81
Price : $1,600,000
Number of Vacant Lots : 50
Total Number of Sites : 149
Rentals : 12
Listing Type : Pending
Number of Vacant Units : 6 but 4 used as storage and 2 have garages
Address Map
Country : US
State : IA
City : Northern/Central
Property Description

Community Information
Total Acres: 35
Unused Acres: 6.39
Traditional Occupancy Rate: 65%
Is Manager Onsite: No
Number of Entrances to Park: 2
Average Lot Size: 45×90

Rental Information
Owner Occupied Rent: $175-$230
Rental Unit Rent: $460-$715
Collection Rate: 95%
Last Rent Increase: –
For How Much: –

Utilities & Infrastructure Information
Type of Water: City
Individual Meters: Yes
Type of Sewer: City
Individual Meters: Yes
If So Who Reads and Bills: Park
Who Owns the Lines: Park
Type of Roads: Asphalt
Who Maintains Roads: Park
On/Off Street Parking: On And Off
Electric Provider: City
Amp Service: 100-200
Natural/Propane Gas: Natural

Amenities & Pride of Ownership Info
Average Age of Homes: 10-25 Years
Group Mailboxes: Yes
Club House: No
Play Ground: Yes
Laundry: No
Mature Trees: Yes
Basketball Courts: No
Park Rating: B

Makeup of Area
Where Tenants Work:
Largest Employer:
Population: City- $4,000, County 11,000
Comments: Well maintained park. Great incentives by the city to bring homes in and additional incentives that could be provided. Good lot sizes. Very Motivated Seller. We have a lender that is very interested in loaning on the park.