Opportunity to Acquire 144 Sites Located in Shellsburg, Iowa (Cedar Rapids MSA
Public Water and Sewer That is Sub-metered
Below Market Rents
By Increasing Occupancy to 70%, a New Investor Can Double Their Cash on Cash Return
Occupancy of 60% Providing A New Investor the Opportunity to Implement an Aggressive Sales Program
Request Property Information
Marcus & Millichap is pleased to present the opportunity to acquire Timber Ridge Manufactured Housing Community located in Shellsburg, Iowa. The community contains 144 sites which are currently 60 percent occupied. The community is serviced by public water and sewer that is sub-metered.
Timber Ridge is situated in the Cedar Rapids MSA (15 Miles North West of Downtown) providing its residents with an ideal location and easy commute to nearby shopping, dining and entertainment. Within a
15 mile radius, Cedar Rapids has a population of approximately 209,000 and an average household income of $85,628.
With below market rents, new ownership will be positioned to increase rents and grow value through
Broker of Record - Iowa