36-Site Mobile Home & RV
For Sale
Contact for pricing
1229 1st Avenue Northeast, Independence, IA 50644
Community combines manufactured housing, long-term RV sites, rent-to-own units, and a single-family rental home.
Property SizeContact for details
Days on Market14
Property Features for 1229 1st Avenue Northeast
General Information
Standard status
Active
Class
C
Property subtype
Mobile Home Park
Occupancy
83%
Investment Type
Value Add
Net Operating Income
$116,248
Additional Details
Cap Rate
10.57%
Building Details
Year Built
1955
Units
36
Tenancy
Multi
Listing Agency:
eXp Commercial
Listed By:
Jamari Ridore · License #00000
Source:
Crexi
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 29 at 2:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial
Investment Insights
Based on property information with market context.
The Oaks is a 36-site mobile home and RV park at 1229 1st Avenue Northeast in Independence, Iowa. Built in 1955, the community includes 17 occupied mobile-home lots, 6 long-term RV sites, 3 rent-to-own units, 3 occupied park-owned homes, 1 rented single-family home, and 6 vacant lots with full infrastructure.
The property includes multiple residential income components within one community, including manufactured housing, RV accommodations, park-owned residences, and a single-family home. Reported operating metrics include a 10.57% cap rate and 15.56% CoC return. The site’s vacant lots and existing infrastructure provide additional space within the current layout for future occupancy.
The property includes multiple residential income components within one community, including manufactured housing, RV accommodations, park-owned residences, and a single-family home. Reported operating metrics include a 10.57% cap rate and 15.56% CoC return. The site’s vacant lots and existing infrastructure provide additional space within the current layout for future occupancy.
Key Highlights
- 36‑site mobile home and RV park in Independence, Iowa
- 17 occupied lot renters, 6 long‑term RV sites, and 6 vacant lots
- 3 rent‑to‑own units and 3 occupied park‑owned homes
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
Demographics for 50644, IA
8,795
Population
3,921
Households
2.2
Avg Household Size
42
Median Age
24%
College-Educated
96%
High-School Grad
145.0 sq mi
ZIP Area
61
Density / Sq Mi
$79,861
Median Household Income
$41,689
Median Earnings
$770
Median Rent
$174,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Community combines manufactured housing, long-term RV sites, rent-to-own units, and a single-family rental home.
Where is this mobile home & rv park located?
The property is located at 1229 1st Avenue Northeast Independence, IA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 36‑site mobile home and RV park in Independence, Iowa; 17 occupied lot renters, 6 long‑term RV sites, and 6 vacant lots; 3 rent‑to‑own units and 3 occupied park‑owned homes
