7368 Berwick Dr Ankeny, IA 50021-8829
This 99-unit mobile home park, situated on 63.68 acres in Ankeny, Iowa (zip code 50021, Polk County), presents a compelling value-add investment opportunity. Currently operating at 11.1% occupancy, the park boasts a beautiful inventory of existing homes and features five newly installed doublewide homes ready for immediate occupancy. The property benefits from concrete roads and drives, and a planned city sewer connection is underway. All units have access to public water, electric, and gas services. Recent renovations in 2024 have significantly enhanced the property's appeal. The park is zoned R1 and is located in a highly desirable Ankeny suburb, an area known for its high median home prices. With current area lot rents reaching the $700s and $800s, this property offers significant potential for infill development and increased rental income. New entry signage further enhances the community's curb appeal. This is an exceptional chance to acquire a well-positioned mobile home park in a thriving market, poised for substantial growth and return on investment.
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Woodside Homes 55+ Communities Retirement Community
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
AT · Ankeny, IAAnkeny. Always verify with local authorities before improvements.
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.