29514 HILLER RD Wayland MO 63472

- Wayland Acres is an all age community located within the Keokuk, IA MSA (Population 58,000). The primary industries in the area are manufacturing and retail trade. The average commute time for residents of Wayland is 23 minutes, which means many of them travel to nearby Fort Madison, IA or Keokuk, IA for work.

- The property currently has a total of 62 useable lots, with further expansion possible for new ownership to increase the total lot count to 75 lots. Of the 62 lots 29 currently have paying manufactured home tenants on site.

- The property has been meticulously maintained by the current long term ownership. The property features a cul-de-sac design with sidewalks and curb and gutter throughout the property.

- Wayland Acres is served by 100% public utilities. Current ownership pays for sewer charges which are billed back to the tenants at a flat rate of $20 per month plus charges for overages. Tenants pay all other utilities directly.

- The community streets are 100% maintained by the city of Wayland, including snow removal.

Download the Offering Memorandum for more marketing information.

- The community is made up of a strong majority of Tenant Owned Homes, with only two Park Owned Homes on Site, making the property an easy transition for a new owner.

- Currently lot rent for single wide units averages $195 per month. Rent was last raised by $30 in January of 2025.

- There are currently 6 double wides on-site with an average lot rent of $250/month.

- Similar communities in the area charge an average of $300, meaning new ownership can raise lot rent to market over time for
easily attainable and realistic upside. Infill was not included in the financial analysis, allowing for further upside for a new owner looking to infill the property.

- The property also has 17 self storage units renting at an average of $35 per month and an additional 4 small storage sheds within the community at an average of $30 per month. Similar storage units in the area currently charge $50 per unit, offering additional upside for a new owner.

Download the Offering Memorandum for more investment highlights.