Mobile Home Park near Des Moines, IA making $3,600 per month **CASH COW**
As the famous Will Rogers said: Buy land. They aint making any more of the stuff
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We can mine more gold, create different cryptos, and of course print more dollars. But no one can mine, create or print any land!
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*****Real estate investing has created 90% of the worlds millionaires*****
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Total Price: $289,000
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: ...
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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In a span of 3 years it is possible to bring the rents up to $550/month and filling up the remaining lots would make total monthly collections: $7700
Which would have a valuation of over $1,000,000!
Text/Call or Email for quickest response
949-828-5263
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PROPERTY INFO:
Address: 205 Mill St SE Mitchellville IA 50169
State: Iowa
County: Polk
Parcel ID (APN): 141/00539-003-000
Legal: LTS 5-6 & 7 & E 5F LT 8 BLK 26 & BEG AT NE COR LT 5 THN SWLY PAR TO N LN OF LTS 5-6 & 7 230F NW 100F NE 230F SE 100F TO POB
Parcel size: 1.31 acres (57,322 Sq. Ft.)
Power: City
Water: City
Sewer: City
Title: Clear title
Conveyance: Grant Deed
Zoning: Mobile Home Park (Residential Income) M2
HOA: None
Taxes: $2,432/year
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