2699 Garnavillo Dr Dubuque, IA 52003
- Mobile home & RV parks
Current Use by Public Records
- Mobile home & RV parks
Property Details for 2699 Garnavillo Dr
- Property type
- Mobile home & RV parks
Description
This exceptional investment opportunity presents a stabilized portfolio of 11 mobile home communities totaling 1,215 sites in Dubuque County, Iowa, and surrounding areas. Currently boasting a 91% occupancy rate as of July 12, 2024, this turnkey portfolio offers significant operational efficiencies. The majority of units are tenant-owned, minimizing management demands and maximizing autonomy. The strategic locations provide immediate access to Iowa's most populous metropolitan statistical areas, including Des Moines, Cedar Rapids-Iowa City, and Davenport-Moline. Public utility integration in nearly all communities further enhances operational efficiency and reduces costs. Proximity of sites allows for shared staffing, contributing to reduced overhead. Moreover, below-market rental rates present substantial upside potential for increased net operating income. This portfolio offers a rare chance to acquire a scaled entry into several economically strong Iowa regions with minimal oversight and significant growth opportunities. The property is located at 2699 Garnavillo Dr, Dubuque, IA 52003.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dubuque
- County
- Dubuque
- State
- Iowa
- Longitude
- -90.6815
- Latitude
- 42.4557
