131 Broadway Street, Charlotte, IA

Others for Sale - $230,000 - 3.1 acres


Agent Info

Dennis Lauver
Coldwell Banker Commercial Howes & Jefferies

Property Info

CIMLS#1179262
Location
  131 Broadway Street
  Charlotte IA 52731
UpdatedJuly 28th, 2025
TypeOthers
Price$230,000
Land3.1 acres

Property Description

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.


Financials


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