Owners are selling in order to focus on a new business venture
· Large sites
· Stable occupancy
· Private water, private sewer
· Sub-metered for water
· Residents pay for water and all utilities except garbage, in addition to lot rent
· Other income is vending machine, storage garages and rental homes
· Homes are mostly older single section
· Off street parking
· Streets are gravel, about 30’ wide, and in fair condition with potholes in a number of locations (see photos)
· Property includes 10 storage garages
· Breakout of homes:
27 owner occupied
12 rental homes
7 contract sales
12 vacant sites
46 sites occupied and paying rent
· Last rent increase was the last quarter of 2007
· Well system and sewer treatment facility have been upgraded in recent years
Onsite Manager
Cash on Cash 19%

To view the Offering Brochure, and for more details, visit:
http://joannemstevens.com/listings.php?ID=20

Joanne Stevens Team

Joanne Stevens cell: 319-310-0641 joannestevens@iowarealty.com

Aaron Saylor : 319-378-6755
asaylor@iowarealtycommercial.com