Description

The KataLYST Team as part of KW Commercial is pleased to offer exclusively for sale Triangle Court Mobile Home Park located in Osage, IA. This mobile home park consists of 35 lots of which 23 are leased at $265 per month with ability to raise lot rents to $300.

Additionally to the lots, new ownership will acquire also 15 mobile homes that are additionally rented.

Details

Address: North 4th Street
City & State: Osage, IA
Current Price: $435,000
Number of Lots: 35
Price/Unit: $12,428
Cap Rate: 12.52%

Property Highlights

• Opportunity to Increase Lot Rents by 13.2%
• Opportunity being Offered at a 12.52% Cap
• Ownership of 15 Mobile Homes as Part of Sale