Farm and Home MHP and Storage

1601 Hwy 1,
Washington, IA 52353

 

$325,000
Offering Price
11.22
GRM
$7,927
Price Per Unit
41
Number of Storage Units
6.20%
Cap Rate
8 (all vacant)
Number of MH Lots
$325,000
Offering Price
11.22
GRM
$7,927
Price Per Unit
41
Number of Storage Units
6.20%
Cap Rate
8 (all vacant)
Number of MH Lots

Storage Units

  • There are 41 storage units on the property: - 21 10'x20' at $70/month - 11 10'x10' at $50/month - 4 5'x10' at $35/month - 2 10'x5' at $35/month - 3 8'x20' at $65/month *The 8'x20' storage units are the 3 shipping containers you see in the photos

Mobile Home Park

  • The mobile home park is 100% vacant. The home that is currently on the grounds will be moved out this spring (2023). The new owners would have the option to bring in mobile homes to increase capital.

Washington, IA

  • The storage units and mobile home park is located 9 miles north of between Washington, Iowa. Washington is approximately 30 miles south of Iowa City and has a population of 7,300 people. Of the people that live in Washington, 42% of them rent the home in which they live.
  • The primary industries in Washington are Health Care & Social Assistance, Retail Trade, and Educational Services. The median household income is about $55,000 per year.
FOR MORE DETAILS CONTACT
Jason Bergan
Broker
(563) 880-9679
jbergan@c21sre.com
S65228000 (IA)
Noah Casterton
Broker
(715) 557-0651
noah@c21sre.com
S70126000 (IA), 40835623 (MN), and 111468-94 (WI)
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