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Corporate Acquisitions Group: Rental Housing Company

Iowa (Story County)

Services - Other Personal Services | Services - Other Business Services

Asking Price Not Disclosed Inventory  
Gross Income $127,414 Real Estate $750,000** 
Cash Flow Not Disclosed Year Established 1958
FF&E $51,500* Employees 1

* included in the asking price

** not included in the asking price

This company has been in business as a manufactured housing community for 50 plus years in a stable and growing area. Started as a 25 lot mobile home park, the business grew to house a total of 70 full hook-up locations. Since the property is located just outside of the city limits, it utilizes its own drinking water and wastewater services. Since 2003 the business has charged a small fee to rental spaces for the use of drinking water usage and included in rent is sewage and trash removal. Other utilities are supplied to each lot by other companies. In 2005 the wastewater treatment system was improved and cleared of any further monitoring sampling and routine inspections. This decreased monthly and any future expenses, but in doing such, the construction needed the space of 7 lots limiting to a 62 full hook-up locations. The sale of this business includes 5.9 acres of land, 62 full hook-up sites, 7 rental properties, laundry/storm shelter building, shop/storage building, house/office building, and 2 water well/storage buildings, and equipment. This business is offered exclusively by Corporate Acquisitions Group.

Reason Selling: Owner intends to pursue other opportunities.

Business For Sale By

Rick Webber

303-792-2010

Corporate Acquisitions Group

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