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 | |
Updated | July 28th, 2025 |
Type | Others |
Price | $230,000 |
Land | 3.1 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.