6400 Rockingham RdDavenport, IA 52802

Property Details for 6400 Rockingham Rd

Year built

1946

Property type

Mobile home & RV parks

Description

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

Location Insight

City

Davenport

County

Scott

State

Iowa

Latitude

41.4773

Longitude

-90.6544

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