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    Bear Creek Dr Marengo, IA 52301

    For Sale
    $1,250,000

    High-Yield Investment Opportunity in Iowa

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a well-maintained manufactured home community situated on a spacious 7.88-acre lot in Marengo, Iowa. The property boasts a total of 40 lots, with a strong occupancy rate of 32 currently occupied sites. Adding to its profitability, 12 park model homes are included and are currently fully rented, contributing significantly to the property's impressive 9.5%+ capitalization rate. The community benefits from the convenience of city water and sewer services, with all utilities billed directly to residents, simplifying management and reducing operational complexities. This turnkey operation offers a substantial return on investment with minimal ongoing maintenance responsibilities. The seller is committed to a smooth transition and will provide training to the new owner, ensuring a seamless handover and continued success. This is an ideal acquisition for investors seeking a stable, high-yielding asset in a desirable location. The asking price is $1,250,000. Cash offers only

    Property Features for Bear Creek Dr

    General Information

    Property type
    Investment properties
    Lot Size
    343,253 SF

    Building Details

    Year Built
    1988
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Marengo
    County
    Iowa
    State
    Iowa
    Longitude
    -92.0805
    Latitude
    41.79522

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    FAQs

    What type of property is this?
    Investment property - High-Yield Investment Opportunity in Iowa
    Where is this investment property located?
    The property is located at Bear Creek Dr Marengo, IA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    (319) 642-7077
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    Bear Creek Dr Marengo, IA 52301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Bear Creek Dr Marengo, IA 52301
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