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5505 6th St SW, Cedar Rapids, IA
  • Status:
  • Area: 5 acres
  • Year built: 1960
  • Spaces: 46
  • Vacant Spaces: 12
  • Utilities: City Water, City Sewer
  • Lot Rent: $ 335.00
  • NOI: $ 73,000.00

Description

UNDER CONTRACT

Rare opportunity to acquire a mobile home park in a good market with a stable economy (even with the pandemic) with strong rent collections. The current owner is selling in order to 1031 exchange into another property. This seller bought Sunrise in 2016. Since then he has retenanted many homes, done tree work, and cleaned up the park. Lot rent is under market. The heavy lifting has been done on this park. The net operating income is $73,000 and does not include rental home income. Please submit your offer by Wednesday September 2nd.

Need a local lender? Please give me a call.

-Joanne

Apod Sunrise 2020 with home rentals

Offering_Memo

More information:

http://properties.iowacommercial.com/Sunrise-MHP-CR-IA

(including all available due diligence)

This style property is located in is currently and has been listed on Joanne M. Stevens Real Estate Team. This property is listed at . It has bedrooms, bathrooms, and is 5 acres. The property was built in 1960 year.