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LOUISA COURT MOBILE HOME PARK

LOT RENT: The current lot rent is $250 per month, well below the market average of $300–$350

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Active

Asking Price: $1,200,000
Address 

10325 Co Rd G44X, Muscatine, IA 52761

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Date Added
Jan 9, 2025
Days on Market
99 days
Time Since Last Update
95 days

Details

Property TypeMobile Home Park
SubtypeManufactured Housing
Square Footage636,411
Net Rentable (sq ft)636,411
Price/Sq Ft$1.89
Cap Rate12.06%
NOI$144,709
Units76
IntelligenceINTELLIGENCE
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Investment Highlights

  • LOT RENT: The current lot rent is $250 per month, well below the market average of $300–$350 for comparable parks in the area. This creates an opportunity
    for new ownership to increase revenue through rent adjustments and pad occupancy.

  • UTILITIES: The park operates on private utilities with all utility expenses passed through to tenants.

  • OCCUPANCY: Many residents have long-term tenancies, contributing to community stability.

  • RV HOOK UPS: Includes 30 RV lots, fully equipped with utility infrastructure.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$144,709.00
$12,059.08/mo

Valuation Metrics

0
DSCR
12.06%
Cap Rate
12.06%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

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Listing Contacts

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