205 Mill St SE, Mitchellville, IA 50169 - Polk County

We can mine more gold, create different cryptos, and of course print more dollars. But no one can mine, create or print any land!

*****Real estate investing has created 90% of the worlds millionaires*****

Special Cash Price! No financing!

Total Price: $330,000

NO DOCUMENTATION FEE

NO CLOSING COST

NO BACK TAXES

NO LIENS or ENCUMBRANCES

As soon as payment is made the link automatically stops working and no one else can buy the property!

14 lot mobile home park

1.31 acre

205 Mill St SE Mitchellville IA 50169

CITY WATER, CITY SEWER Individually metered

14 total lots (9 owner occupied homes/5 empty lots)

Lot rent: $400/month

Monthly income: $3600

Annualized Gross Income: $43,200

Expenses:

Insurance $1500

Property Taxes $2432

Offsite Manager $4,320

Total Expenses: $8,252

Total net = $43,200 $8,252 = $34,948

In a span of 3 years it is possible to bring the rents up to $550/month and filling up the remaining lots would make total monthly collections: $7700

Which would have a valuation of over $1,000,000!

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PROPERTY INFO:

Address: 205 Mill St SE Mitchellville IA 50169

State: Iowa

County: Polk

Parcel ID (APN): 141/00539-003-000

Legal: LTS 5-6 & 7 & E 5F LT 8 BLK 26 & BEG AT NE COR LT 5 THN SWLY PAR TO N LN OF LTS 5-6 & 7 230F NW 100F NE 230F SE 100F TO POB

Parcel size: 1.31 acres (57,322 Sq. Ft.)

Power: City

Water: City

Sewer: City

Title: Clear title

Conveyance: Grant Deed

Zoning: Mobile Home Park (Residential Income) M2

HOA: None

Taxes: $2,432/year