For Sale
$775,000

6400 Rockingham Rd Davenport, IA 52802

Iowa Mobile Home Park - High Occupancy, Stable Income

Overview

Added:
Dec 11, 2024
Days on market:
131
This turnkey mobile home park in Davenport, IA, presents a compelling investment opportunity. Priced at $775,000, it boasts a 9.73% cap rate and a strong 94% occupancy. The park features 18 pads, with 17 tenant-owned homes generating $325 monthly rent (increasing to $350 in May 2024). Twelve additional storage units provide supplemental income, along with a single-family home rented for $1,400 per month. The property includes three buildings and was built in 1946. Public water is provided by the city of Davenport, with tenants responsible for their own water, electric, and gas. A private sewer system, permitted by the Iowa Department of Natural Resources, is in place

Highlights

  • Quad Cities (Davenport, IA, Bettendorf, IA, Rock Island, IL, & Moline, IL) location offers access to a 383,000-person market.
  • Strong average household income of $32,570 supports rental demand.
  • High rental occupancy rate of 29% indicates significant rental demand.
  • Short average commute time of 20 minutes enhances property desirability.
  • Diverse employment base includes major employers in manufacturing, healthcare, retail, logistics, and food processing.

Property Details for 6400 Rockingham Rd

Property type
Mobile home & RV parks
Class
C
Year Built
1946
Buildings
3
Units
18

Location Insight

City
Davenport
County
Scott
State
Iowa
Latitude
41.477348735107
Longitude
-90.654354873531

FAQs

What type of property is this?
Mobile home & RV park - Iowa Mobile Home Park - High Occupancy, Stable Income
Where is the mobile home & rv park located?
The property is located at 6400 Rockingham Rd Davenport, IA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Quad Cities (Davenport, IA, Bettendorf, IA, Rock Island, IL, & Moline, IL) location offers access to a 383,000-person market.; Strong average household income of $32,570 supports rental demand.; High rental occupancy rate of 29% indicates significant rental demand.
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6400 Rockingham Rd
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