Sandusky Mobile Home Park
Keokuk, IA
Asking price
$190,000
Sites
—
Cap rate
8.50%
Price / site
—
About this property
Description This community has 20 total lots and one single family home. Currently, there are 11 occupied mobile homes on-site. The lot rent is $200/month and the rent for the single-family home is $510/month. There is one park-owned home that pays an additional $240/month for park-owned home rent. The community is serviced by rural water and a septic pond. The rural water is billed back to the tenants each month at $25/month per tenant. Garbage dumpsters are provided by the community owners. The other utilities are all directly billed to the tenants. The current owners are responsible for mowing the vacant lots, road maintenance (gravel road), tree trimming, and plowing the snow. There is a $30 fee that is charged for tenants that do not mow their yards. See the Offering Memorandum for more details.
All details
| Asking price | $190,000 |
|---|---|
| Cap rate | 8.50% |
| Year built | 1977 |
| Address | 2721 340th Street |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
