Walcott MHC Portfolio

The Walcott MHC Portfolio is comprised of two properties in eastern Iowa cities Walcott and Long Grove, totaling 289 sites. The two properties are located near the Iowa and Illinois border, with a MSA population of just under 400,000, and benefits from the economic development in the greater area. We purchased the two parks at an attractive $24,200 per pad. The portfolio includes paved roads, mature trees and green landscapes, as well as a combination of direct billed and sub metered utilities. There is significant upside potential with high vacancy across the portfolio, due to the seller’s lack of resources to bring in new homes.

We plan to clean up both properties and prepare vacant sites for install of 105 homes over the next five years. This, in combination with bringing rents to market, should double revenues and park value within five years of acquisition.

Map Address:
Walcott Mobile Home Community: 781 W Walcott, IA 52773
Country Estates MH & RV Park: 30980 Scott Park Rs., Long Grove, IA 52756

  • Date Acquired: 26 Sep, 2022

  • Acquisition Price: $7,000,000

  • Spaces: 289

  • City/State: Walcott/Long Grove, IA

Investment Package