$76K DOWN! Mobile Home Park DesMoines,IA $3,600 per monthCASH COW
Total Price: $379,000
Owner financing available 6% interest
20% down payment
Paid off in 3 years
$75,800 Down
$1,516/month
14 lot mobile home park
1.31 acre
205 Mill St SE Mitchellville IA 50169
CITY WATER, CITY SEWER Individually metered
14 total lots (9 owner occupied homes/5 empty lots)
Lot rent: $400/month
Monthly income: $3600
Annualized Gross Income: $43,200
Expenses:
Insurance $1500
Property Taxes $2432
Offsite Manager $4,320
Total Expenses: $8,252
Total net = $43,200 $8,252 = $34,948
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Very beautiful picturesque city.
Population is increasing.
15 minutes from Des Moines
Demand is extremely high for affordable homes in the area
A lot of opportunity here for the future owner.
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In a span of 3 years it is possible to bring the rents up to $55...
In a span of 3 years it is possible to bring the rents up to $550/month and filling up the remaining lots would make total monthly collections: $7700
Which would have a valuation of over $1,000,000!
Text or email for quickest response
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PROPERTY INFO:
Address: 205 Mill St SE Mitchellville IA 50169
State: Iowa
County: Polk
Parcel ID (APN): 141/00539-003-000
Legal: LTS 5-6 & 7 & E 5F LT 8 BLK 26 & BEG AT NE COR LT 5 THN SWLY PAR TO N LN OF LTS 5-6 & 7 230F NW 100F NE 230F SE 100F TO POB
Parcel size: 1.31 acres (57,322 Sq. Ft.)
Power: City
Water: City
Sewer: City
Title: Clear title
Conveyance: Grant Deed
Zoning: Mobile Home Park (Residential Income) M2
HOA: None
Taxes: $2,432/year
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