Overview

Description

Fantastic 46-site community in stable market of Independence, IA. Local market has a dearth of affordable housing. Park is located along Waspi River, a local tourist attraction. There has never been a flood event at the community. Current owner expanded park to include 6 RV sites along riverfront in 2005. The addition has been very popular to the point of having a wait list for the 6 sites. With municipal and state DNR approval, tenants may install their own dock (insurances, fees, upkeep are tenant expenses). Rent collections are solid and all tenants are screened. This easy to manage park is great for a local investor, a person new to MHP investing, or someone looking to expand their holdings in the area. No licenses or permits required to operate in Iowa. There are many mature trees. Last tree trimming was in 2021. Streets were resurfaced in 2021.

Independence is a dynamic, growing community in scenic Northeast Iowa. It has small town appeal with many conveniences of a larger city. Independence is a progressive community offering great opportunities and amenities for people of all ages while preserving a fascinating history. Independence is a city in, and the county seat of, Buchanan County, Iowa, United States. The population was 6,064 in the 2020 census. Buchanan County's population is 20,565. The Wapsipinicon River flows through the heart of Independence and is highlighted by the new River Walk Parks area. Complete with a trail, amphitheater and sand volleyball courts, the River Walk Parks has become a beautiful addition and source of recreation for the community. The Wapsipinicon River forms a small lake north of the city.
In the last eight years, a new junior/senior high school opened, a new public library facility was built, and there have been major expansions at the Buchanan County Health Center and the Independence Municipal Airport. In addition to the new facilities and expansions, there have been many updates to parks, trail systems, and to the main business district, providing a wide range of services and a great quality of life.
Residents and visitors alike enjoy looking back at the community's progression through its almost 160-year history. Independence truly exemplifies why residents proclaim "America's Fame is in our Name" with amenities such as the: Buchanan County Health Center - Buchanan County Safety Center - Community service organizations - East Central Iowa Rural Electric Cooperative - Independence Light and Power - Independence Police and Fire - library - Municipal airport - Public pool and Railroad - Superior parks and recreation - Telecommunications.

City Water/Sewer (submetered by community, bill-backed); All other utilities are direct-billed to residents

Direct Billed to Tenants

Highlights

• 39 MH Sites
• Zoned for 41 MH Sites (some sites combined for larger homes)
• 6 RV Sites (add in 2005)
• 13 Vacant Lots (can be combined for larger homes)
• 1 Site-built Home (3 bed- 1 bath)
• 2 POHs
• Lot Rent: $310 as of (3/01/22)
• Last two rent increase were $15/year in 2021 & 2020
• All Utilities, including Garbage, are resident paid
• City Water/City Sewer (submetered)
• No licenses or permits required to operate in Iowa
• All Age Community
• Stable Market
• Solid Rent Collections
• Riverfront (tenants own docks)
• 9.8 (+/-) arces, 4 acres (+/-) is community, 5 acres (+/-) are in the river
• In floodplain but no history of flooding in park's 65 year history. (steep riverbank)

Documents

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