Shady Meadow Mobile Home Park

• Shady Meadows is located in the Northeast corner of Eagle Grove, IA. There are 19 lots, of which, 4 are park owned, 14 are tenant owned, and one is vacant. In addition, there are 3 lots compatible for RV lot rental. The current ownership is not billing back water or sewer costs, but each lot is individually metered. New ownership would have the ability to bill these expenses back to the tenants.

Infrastructure of Shady Meadows

• Shady Meadows' utilities are ran by public utility companies. Each tenant's home is individually metered, which the current ownership is not billing back. The water line is mostly plastic with some copper line at the service lines. The sewer line is made up entirely of plastic material.

Below Market Rents

• Average lot rents for property are at a modest $225per month. Other properties in the region are charging lot rent in the high $200 to low $300 range, with tenants paying for more utilities directly than the subject property. This paired with the high number of occupied lots will provide easy and obtainable upside for a new owner.

Rent to Own Homes

• Shady Meadows has 3 homes that are under rent to own contracts. Rent to own homes offer the ability for a new owner to sell off the park owned homes in the community for an additional short term income, all while decreasing current expenses.