25-Site Mobile Home
For Sale
Contact for pricing
1601 Army Post Rd, Des Moines, IA 50315
South Park offers 22 rent-to-own homes, two vacant park-owned homes, and one commercial unit under a gross lease.
Property SizeContact for details
Days on Market139
Property Features for 1601 Army Post Rd
General Information
Standard status
Active
Class
B
Property subtype
Mobile Home Park
Occupancy
88%
Investment Type
Stabilized
Net Operating Income
$185,524
Additional Details
Utilities to Site
Yes
Building Details
Units
26
Tenancy
Multi
Listing Agency:
eXp Commercial
Listed By:
Phillip Li · License #2563988
Source:
Crexi
Added: Apr 21
Changed: Sep 4
Last Checked: Sep 4 at 9:55AM
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.
South Park is a 25-site mobile home community in Des Moines, Iowa, with one additional commercial unit. The property includes 22 rent-to-own (RTO) homes, two vacant park-owned homes, and an existing vacant lot with full utility infrastructure in place. Recent capital improvements since 2020 include new PEX water lines, sewer lines, electrical runs, and full paving throughout the park, along with home remodels featuring new paint, skirting, and updated interiors.
Sitework and exterior upgrades include new concrete patios and driveways for each home, with bedrock placed between units to reduce landscaping costs. Before closing, the owner plans to seal coat the roads and complete remaining remodeling on the two vacant homes.
The community also includes one occupied commercial unit under a $2,100 per month gross lease. The stated investment strategy focuses on infilling the remaining homes and raising rents to market, with an option described to add one additional home to further infill the site.
Sitework and exterior upgrades include new concrete patios and driveways for each home, with bedrock placed between units to reduce landscaping costs. Before closing, the owner plans to seal coat the roads and complete remaining remodeling on the two vacant homes.
The community also includes one occupied commercial unit under a $2,100 per month gross lease. The stated investment strategy focuses on infilling the remaining homes and raising rents to market, with an option described to add one additional home to further infill the site.
Key Highlights
- 25‑site mobile home community plus 1 commercial unit in Des Moines, IA
- Owner invested $1.1M+ in improvements since 2020, including new PEX water lines, sewer lines, electrical runs, and full park paving
- Roads to receive additional seal coating: owner plans ~$20,000 before closing
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Explore this area
Business Placement
Demographics for 50315, IA
36,693
Population
16,579
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
3,562
Density / Sq Mi
$62,036
Median Household Income
$41,311
Median Earnings
$977
Median Rent
$164,000
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 - South Park offers 22 rent-to-own homes, two vacant park-owned homes, and one commercial unit under a gross lease.
Where is this mobile home & rv park located?
The property is located at 1601 Army Post Rd Des Moines, IA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 25‑site mobile home community plus 1 commercial unit in Des Moines, IA; Owner invested $1.1M+ in improvements since 2020, including new PEX water lines, sewer lines, electrical runs, and full park paving; Roads to receive additional seal coating: owner plans ~$20,000 before closing
