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2279 E 190th St
Ames, IA 50010
Hickory Grove Mobile Home Park · Multifamily Property For Sale · 25,500 SF

INVESTMENT HIGHLIGHTS

  • Located in an irreplaceable location in Ames, home of Iowa State University, the leading Division 1 Agricultural University.
  • Stabilized with 100% occupancy & lot rent upside. Municipal water, direct billed to residents.
  • Recent CapEx includes Tree Removal, Electrical, Landscaping, New Homes & Sand Filtration System
  • 7.4% Cap Rate Current & 9% Cap Rate on Market Rents
  • With a strong local economy based around both the college and agriculture, the area around Hickory Grove enjoys an unemployment rate as low as 1.7%
  • Excellent Resident Manager

PROPERTY FACTS

No. Units 34
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class C
Lot Size 10.70 AC
Building Size 25,500 SF
Average Occupancy 100%
No. Stories 1
Year Built 1957
Parking Ratio 2.23/1,000 SF
Zoning A-1-Agricultural

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-18-300-350
Land Assessment
$804,100
Improvements Assessment
$246,800
Total Assessment
$1,050,900
  • Listing ID: 26039872

  • Date on Market: 6/28/2022

  • Last Updated:

  • Address: 2279 E 190th St, Ames, IA 50010

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