Midwest Mobile Home Community Brokers

Our team is proud to present two in-fill opportunity communities in Iowa and Minnesota. These communities are listed separately, but have many similarities that may make it more enticing for someone to purchase them together. Both of these communities have 28 total lots, are listed at $220,000 (below $8,000/pad), and have current rents that are well below the market rate. Renville, MN: Each lot has a 14' x 60-70' concrete pad to set homes on and a garage stall for tenants (with the exception of lots 14 and 28). All utilities are directly billed to the residents. The streets surrounding the park are maintained by the city, but the community owner is responsible for the street in the middle of the park. Shenandoah, IA: This community has one paved street that is maintained by the community owner and municipal water services that are billed back to the tenants each month. There are currently 8 tenants that live on-site. It has been owned/operated by the seller since the community was developed in 1972. There is an additional 10 acres that is available for an additional price. Please see the comments for a link to the offering memorandums or contact Noah Casterton for more details at 715-557-0651 or noah@c21sre.com.

The Midwest MHC Broker Team is proud to announce their newest listing! This 26-lot MHP is just off the coast of Lake Erie, 30 miles west of Cleveland, in Lorain, Ohio. Since the purchase, the sellers worked to rehabilitate homes, bring up the occupancy, and make improvements to the community. There are 24 occupied mobile homes, an occupied apartment for rent, and 5 storage units that are all rented. Water/sewer utilities are sub-metered and billed back to the tenants each month. Electric and natural gas are directly billed to the tenants. You can find more information in the offering memorandum (see comments for link) or call Noah Casterton at 715-557-0651. Listed in conjunction with Stan Stein: Ohio Broker Number 0000151919.

Starting the second half of 2024 the right way! Recently our team closed out the sale of a 41-lot MHC in O’Neill, Nebraska. This property was a long-time, family owned property with current ownership looking to retire. Are you looking to add to your current portfolio, get started in the MHC space, sell your existing property, or simply don’t know where to start? Our team provides advice and assistance on all of the above! If you are considering selling your mobile home community, please reach out to us by calling 563-880-9679, emailing us at MidwestMHCBrokers@c21sre.com, or visiting our website at www.MidwestMHCBrokers.com If you are interested in joining our buyers list, please reach out to us by calling 563-880-9679, emailing us at MidwestMHCBrokers@c21sre.com, or visiting our website at www.MidwestMHCBrokers.com.

NEW LISTING! Our newest listing is located just outside of Keokuk, IA. The community has 20 lots and a single-family home. With 11 of the lots occupied, a buyer is able to bring in homes and increase revenue on day one. The community is serviced by rural municipal water and a septic pond across the street. Lot rents are below market, but will be raised to $200/month as of August 1, 2024. For more information on the community, download the offering memorandum in the comments.

Last Friday our team closed on an 87-lot MHC in Princeton, Indiana! Both the seller and buyer were repeat clients of ours. The seller purchased the property in 2019 and spent the last 5 years working on bringing in new tenants and homes. The buyer is looking to continue the seller's work while they move into the Indiana market. It's always great to continue to build relationships with our repeat clients and we look forward to making new relationships that turn into repeat clients. If you are looking to buy or sell a mobile home park anywhere in the Midwest, give us a call and we'll be happy to help in any way that we can!

We closed April out by helping local owners sell off one of their assets in order to focus their time elsewhere. This community in Colo, IA is situated 20 miles east of Ames and has been owned by the same owner for over 30 years. We were excited to help the sellers downsize, while also helping the buyers enter into the Iowa market. We wish them both the best! If you have a mobile home park that you are interested in selling, don't hesitate to get in contact with Jason, Drew, or Noah. We offer services throughout the Midwest and are always happy to talk about the best sales process for anyone interested!

NEW LISTING: The Midwest MHC Broker Team is pleased to announce our newest listing! This property is located less than 10 miles from downtown Kansas City, Missouri. The property has been under local ownership for over 30 years and is a mix of mobile homes and RVs that are primarily long-term tenants. There is a building on-site that houses a coin-operated laundry facility with extra space that could be converted into an office. For more information, please see the OM in the comments or contact Noah Casterton at noah@c21sre.com or 715-557-0651.

NEW LISTING: The Midwest MHC Team is pleased to announce their newest listing in Wisconsin Rapids, WI. This park offers 22 fully occupied lots and 1 occupied single-family home. Other features include: - 20 Tenant-Owned Homes - 1 Rent-to-Own Home - 1 Park-Owned Home - Avg Lot Rent of $330/month - Billed-back Utilities - NOI: $80,000 See the OM in the comments for more details.

NEW LISTINGS: The Midwest MHC Broker Team is proud to offer 3 listings in our home state of Iowa. These communities range in location, price, and offer significant advantages in their own right. They are listed individually by separate owners, but could be purchased together if all parties agree to the terms. See the comments for links to the offering memorandums or give Jason, Noah, or Drew a call for more information.

NEW LISTING: Our newest listing is a 10-lot mobile home park in Colo, IA. Colo is located 20 miles east of Ames and 40 miles northeast of the Des Moines metro. The park consists of 5 occupied park-owned homes and 5 vacant park-owned homes. The vacant homes do need a little bit of rehab work prior to allowing a tenant to move-in. All homes are estimated to be under 30 years old. The park is serviced by public utilities that are directly billed to the tenants. Rents range from $400-$700/month. The new owner would have the option to sell these homes on contract upon purchase to immediately reduce operating expenses. For more information, please see the offering memorandum in the comments or call Noah Casterton at 715-557-0651.