My main focus is hotel development and got involved with the wrong partner on MHP. The good news is he has agreed to sell off and allow me to unwind.
- Great Cash Flow High-Income opportunity to add to any portfolio or just to get started in the mobile home park business
- Edgetown MHP is an easy to operate property with low turnover and almost zero delinquent rents
- The property includes 7.5 acres with 1 single-family home, contracts for 3 units in Lots 5, 7, and 14, and 22 slip mobile home park.
- 100% TOH Occupied.
- No park-owned homes.
- Edgetown MHP is located in Newton, IA county of Jasper County.
- Since 2004, more than $100 million has been invested in urban renewal projects, commercial development, and the new NASCAR Iowa Speedway all of which translate to community growth and vitality.
- The population of Newton is approximately 15,000
- Newton is located on I-80, 30 minutes east of Des Moines, IA which has a population of approximately 203,000
- Major employers are Newton Community Schools, Skiff Medical Center, and TPI Iowa, a wind turbine blade manufacturer.
- 3044 Highway 14 N Newton, IA 50208
- APN #1 - 0822151002
- APN #2 - 0822151003
If you think the fit might be there please let me know.