2699 Garnavillo DrDubuque, IA 52003

This exceptional investment opportunity presents a stabilized portfolio of 11 mobile home communities totaling 1,215 sites in Dubuque County, Iowa, and surrounding areas. Currently boasting a 91% occupancy rate as of July 12, 2024, this turnkey portfolio offers significant operational efficiencies. The majority of units are tenant-owned, minimizing management demands and maximizing autonomy. The strategic locations provide immediate access to Iowa's most populous metropolitan statistical areas, including Des Moines, Cedar Rapids-Iowa City, and Davenport-Moline. Public utility integration in nearly all communities further enhances operational efficiency and reduces costs. Proximity of sites allows for shared staffing, contributing to reduced overhead. Moreover, below-market rental rates present substantial upside potential for increased net operating income. This portfolio offers a rare chance to acquire a scaled entry into several economically strong Iowa regions with minimal oversight and significant growth opportunities. The property is located at 2699 Garnavillo Dr, Dubuque, IA 52003.