The buyer has two paths to make a solid ROI at this property: – A mobile home park (with 7 rentals) are included. More room is available to grow the park. Annual water, sewer, trash and recycling expenses are $6,000. Title tags on trailers are $350. It’s been over 2 years since a rent increase so the opportunity exists to increase revenue! Lot 1: $300 monthly lot rent. Lot 2: $600 monthly lot rent. Lot 3 & 4: $650-700 monthly rent. Lot 5 is empty but could charge $250 to $300 for monthly rent. Lot 6: $550 monthly lot rent. Lot 7: $600 monthly lot rent and Lot 8: $650 monthly lot rent. The unit closest to Broadway is owned by the people living in it. The rest are part of this property and included in this sale. – Convert the approximately 3 acre site to a residential development and build housing to take advantage of the strong market demand for housing in a rural setting like Charlotte. The natural and wooded view from the site will be very attractive to people wanting to build a home.
131 BROADWAY Street Charlotte, IA 52731
For Sale
131 BROADWAY Street
Charlotte, IA 52731
Price: $230,000
Type:
Commercial Sale
Commercial
Lot Size (Acres): 3.1
Agent:
Dennis Lauver
Agent Phone: 563-242-3265
Agent Email: dennis.lauver@howesandjefferies.com
Broker:
Coldwell Banker Howes & Jefferies REALTORS
Broker Phone: 563-242-3265