32-Site Mobile Home
New
For Sale
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1424 E Virginia Avenue, Des Moines, IA 50320
The community includes vacant homesites and a resident base made up mostly of tenant-owned homes.
Property SizeContact for details
Days on Market5
Property Features for 1424 E Virginia Avenue
General Information
Standard status
Active
Property subtype
Mobile Home Park
Zoning
NM
Occupancy
78%
Listing Agency:
CBRE - Houston Galleria
Listed By:
Will Shealy · License #732835-SA
Source:
Crexi
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 2:21PM
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 CBRE - Houston Galleria
Investment Insights
Based on property information with market context.
This manufactured housing community contains 32 sites, with 25 occupied and 7 pads open. Approximately 78% of the sites are occupied, and most residents own their homes. The trailing-twelve operating expense ratio is approximately 40%+; the property information indicates it could move toward the 35% range under stabilized, market management.
At 1424 E Virginia Avenue in Des Moines, the property operates as a legal nonconforming manufactured housing use in the NM (Neighborhood Mixed-Use - legacy county designation) zoning district. City nonconformity provisions preserve the right to rebuild following casualty.
At 1424 E Virginia Avenue in Des Moines, the property operates as a legal nonconforming manufactured housing use in the NM (Neighborhood Mixed-Use - legacy county designation) zoning district. City nonconformity provisions preserve the right to rebuild following casualty.
Key Highlights
- 32 homesites, including 25 occupied and 7 available pads
- Approximately 78% occupied
- Predominantly tenant‑owned homes
Property Analytics
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Current Use
Lease Details
78%
Occupancy
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
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Business Placement
Demographics for 50320, IA
23,369
Population
9,317
Households
2.5
Avg Household Size
34
Median Age
24%
College-Educated
86%
High-School Grad
16.8 sq mi
ZIP Area
1,391
Density / Sq Mi
$83,710
Median Household Income
$44,418
Median Earnings
$1,110
Median Rent
$207,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - The community includes vacant homesites and a resident base made up mostly of tenant-owned homes.
Where is this mobile home & rv park located?
The property is located at 1424 E Virginia Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 32 homesites, including 25 occupied and 7 available pads; Approximately 78% occupied; Predominantly tenant‑owned homes
