6400 Rockingham Rd Davenport, IA 52802
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.