Million $ flip! MobileHomePark near Des Moines, IA making $3,600 per month

Total Price: $299,000

NO CLOSING COST

NO BACK TAXES

NO LIENS or ENCUMBRANCES

As soon as the earnest money deposit payment is made the link automatically stops working and no one else can buy the property!

14 lot mobile home park

1.31 acre

205 Mill St SE Mitchellville IA 50169

CITY WATER, CITY SEWER Individually metered

14 total lots (9 owner occupied homes/5 empty lots)

Lot rent: $400/month

Monthly income: $3600

Annualized Gross Income: $43,200

Expenses:

Insurance $1500

Property Taxes $2432

Offsite Manager $4,320

Total Expenses: $8,252

Total net = $43,200 $8,252 = $34,948

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Very beautiful picturesque city.

Population is increasing.

15 minutes from Des Moines

Demand is extremely high for affordable homes in the area

A lot of opportunity here for the future owner.

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