Afton MHP

210 Grace Street,
Afton, IA 50830

 

$195,000
Price
13
Number of Lots
5.05%
Cap Rate
Residential
Zoning Type
11.54
GRM
 
 
$195,000
Price
13
Number of Lots
5.05%
Cap Rate
Residential
Zoning Type
11.54
GRM
 
 

Occupied Homes

  • The park currently has three homes on the property. One is tenant-owned and the other two are owned by the park. One is currently occupied and engaged in a rent-to-own contract with the park owners. The other park-owned home is under renovation, with the intent to sell in the future.

In-Fill Opportunity

  • The park has 10 vacant sites that have the necessary utilities to bring in homes upon purchase.

Infrastruture

  • The park's infrastructure (water/sewer lines and roads) are owned and maintained by the city of Afton. The owners are charged for water/sewer, which they bill back to the tenants.

Additional Income Opportunity

  • The park is located directly across the street from the Union County Fairgrounds. In the past, the owners have rented out vacant spaces to those working or attending the fair.

Afton, Iowa

  • Afton, Iowa is a community of 900 people located about 70 miles southeast of the Des Moines Metro. The median household income is $53,000 and about 1/3 of all residents rent the homes in which they live.
  • The top three industries of employment for Afton residents are: Manufacturing, Agriculture, and Healthcare Services.
  • The largest nearby employers include Greater Regional Medical Center, Southwestern Community College, and Lakeside Casino.
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)