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Bear Creek DR Marengo, IA 52301
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Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2407816
Sold Date 05/28/25
HOA Y/N No
Year Built 1988
Annual Tax Amount $4,486
Lot Size 7.880 Acres
Acres 7.88
Property Sub-Type Business
Property Description
Well maintained manufactured home community. 9.5%+ Cap Rate return. 40 lots total with 32 currently occupied. Includes 12 park home rentals that are fully occupied. All utilities including city water and sewer billed directly to resident. Seller will not consider contract sale. Seller will help train new owner if needed.
Location
State IA
County Iowa
Area Ot-W (West Of I-380)
Zoning MHP
Interior
Interior Features InteriorFeatures
Fireplace No
Others
Tax ID 112503024, 112503026, 112503022
Acceptable Financing Cash
Listing Terms Cash
Read Less
Bought with Sandersfeld Realty Company