Mobile Home Park
In December 2018, the Keel Team and investment partners purchased a 115 lot mobile home park in southeast Iowa for $677,000.00.
Original Acquisition Price
December 12, 2018
Initial Cash Investment
Through improvement initiatives such as: filling vacant pads, removing run down homes, filling potholes and repairing off-street parking pads, modest lot rent increases, and others, we were able to improve the park operations, increase NOI, and achieve a significant value increase. The financial results of these efforts are summarized below:
Cash flow distribution
On January 2020, the first cash flow distribution was $89,233.41
Sale closing date
On June 23, 2022, the sale of the mobile home park was closed for $2,100,000.00.
Distributions Paid to Investors
Investors received $1,705,690.04 in distributions.
$1,616,456.63 at closing.
Monthly Distributions Paid Starting in Month 13
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LEGAL DISCLOSURE: All investment offerings have a high degree of risk. Results may vary. Past performance is not a guarantee of future success.