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Mobile Home Park for sale in Fort Dodge, IA

Listed by Joanne Stevens

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Park Name: Palace Park Mobile Home Court
Address: 1338 3rd Ave NW
City: Fort Dodge
State: IA
Zip: 50501
County: Webster
Number of Acres: 17.28
Year Built: 1974
Total # Spaces: 139
# Park Owned Homes: 33
Monthly Lot Rent: $178
Avg Home Rent: $325
Cap Rate: 9%
Property Description: 70% SELLER FINANCE WITH LOW PAYMENTS FOR 8 YEARS!! No brainer, auto-pilot property 139 total sites with 33 park owned homes City water, city sewer Well maintained park, originally developed by a local plumbing contractor Concrete 30’ wide streets in excellent condition, with off street parking Nice 40 x 70 Community center with storm shelter Experienced, computer savvy manager would like to stay with new owner Total of 139 homesites. Included in sale are: 30 rental units (3 vacant) 3 park owned homes for sale 4 contract sales Mostly single section homes—90% Age of homes: 1960’s to 2000’s with most being well maintained, single sections from 1970’s Many long term residents Stable occupancy with no delinquencies Residents pay a water surcharge of $20 for 1 resident and $25 for 2 or more Nice community building and playground Extremely well maintained community Rules enforced
Location Description: County seat, home to fast growing Iowa Central Community College! Population of apprx. 27,000 in west central Iowa conveniently located at Hwys 20 and 169. Population in this community has been consistently stable. Major employers are Smithway Motor Xpress, a national motor freight carrier, Trinity Regional Medical Center, and Fort Dodge Animal Health, a manufacturer and distributor of animal health care products. Soon opening an $8.95M aquatic center! Local unemployment is 7.4% as of May 2010, national average is 9.5%. Major re-vitalization campaign underway! Go to www.MessengerNews.net

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Agent Info

Listed by: Joanne Stevens | Contact Seller
Phone: 319-378-6786 | Mobile: 319-310-0641 | Fax: 319-365-9833
Homepagewww.JoanneMStevens.com
 

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