Mt Pleasant MHP

This property features 17 lots on public utilities. Lot rent is currently $325. Ownership has a scheduled raise to $360 per lot starting Aug. 01st, 2026. The property currently has 7 tenant owned homes, 2 Park Owned Home, 3 abandoned homes, and 5 vacant pads. This property offers a new owner the ability to infill the remaining lots in an area with high demand for affordable housing. The property is a great opportunity for a new investor looking to get started in the MHC space, or for an investor looking to grow their portfolio in SE Iowa.

The financial analysis assumes raising rents by 3% per year on lot rent only. No projections were given for further infill, offering additional upside for new ownership depending on their strategy. Contact Broker for Additional Details

Current ownership is working on replacing the water lines throughout the park over the course of 2026. Demolition certificates are in hand for the three abandoned homes on site. Current ownership estimates a total cost of $46,000 between demolition costs and water line replacements. Contact Broker for Additional Details.

This property can be purchased individually, or with another 35 pad MHC located in Albia, IA which an hour of west of the subject property. The Advertised price for Albia is $775,00 for a total amount of $1,125,000 for the entire 52 pad portfolio. Contact Broker for Additional Details

The City of Mt. Pleasant is located in, and is the county seat of, Henry County, Iowa. The city has a resident population of 8,700 and the area has a strong demand for affordable housing.

Major employers in the area include: Walmart, West Liberty Foods, Hawkeye Steel Production, West Central FS, and a number of smaller agricultural, industrial, and manufacturing employers.