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Mobile Home Park

Lakeside Estates

1 Elmira Ct, Bloomfield, IA 52537

Listing Price: $897,000

Cap Rate
7.00%
Number of Spaces
43
Lot Size
30.00 acres
Occupancy
63.0%
Price/Space
$20,860
Spaces/Acre
1.43
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Manufactured Housing Community Portfolio located in Illinois and Iowa. The portfolio contains a total of 377 sites with a global occupancy of 76 percent. All of the communities are serviced by public water and public sewer. With a global occupancy of 76 percent and an average rent of approximately $397, a new operator can implement an aggressive sales program to fill the vacant sites. The portfolio can be purchased all together or in trenches by state.

Investment Highlights

  • Four Manufactured Housing Communities Located Throughout Illinois and Iowa
  • All of the Communities Are Serviced by Public Water and Sewer
  • Seller Would Prefer to Sell the Entire Portfolio to One Buyer. However, There is an Opportunity to Purchase Sub-Portfolios by State

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Mobile Home Park

Lakeside Estates

Listing Price: $897,000

Cap Rate
7.00%
Number of Spaces
43
Lot Size
30.00 acres
Occupancy
63.0%
Price/Space
$20,860
Spaces/Acre
1.43
Year Built
1970

Investment Highlights

  • Four Manufactured Housing Communities Located Throughout Illinois and Iowa
  • All of the Communities Are Serviced by Public Water and Sewer
  • Seller Would Prefer to Sell the Entire Portfolio to One Buyer. However, There is an Opportunity to Purchase Sub-Portfolios by State

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Manufactured Housing Community Portfolio located in Illinois and Iowa. The portfolio contains a total of 377 sites with a global occupancy of 76 percent. All of the communities are serviced by public water and public sewer. With a global occupancy of 76 percent and an average rent of approximately $397, a new operator can implement an aggressive sales program to fill the vacant sites. The portfolio can be purchased all together or in trenches by state.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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