RV Parks

Beacon MHC

Beacon, IA

Asking price

$225,000

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Cap rate

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About this property

Description -This 10-lot community presents an opportunity to acquire a small, efficient manufactured housing asset with below-market rents, tenant-paid utilities, and identifiable revenue growth potential. -The subject property features 10 lots, with 8 units currently occupied by paying tenants. This community offers new ownership immediate upside by stabilizing lot rents over time creating realistic and attainable equity. -Lot rent is well below market rates, currently at $180 per month. -Lot rents in the immediate area range from $450 to $530 with park owned home rents ranging from $950 to $1,200 for newer inventory. -100% Direct Billed Utilities -Trash is paid by current ownership -Tenants are responsible for their own lawn maintenance. -80% Occupancy -Long-term Ownership- Current owner developed the property -Contact Broker for Additional Details