$230,000

131 BROADWAY Street, Charlotte IA, 52731

Lot size3 Acres

Property typeLand

Listed by Dennis Lauver with Coldwell Banker Howes & Jefferies REALTORS 563-503-9663

Overview

Active

Listed Jun 12, 2025

Updated May 29

The buyer has two paths to make a solid ROI at this property: - A mobile home park (with 7 rentals) are included. More room is available to grow the park. Annual water, sewer, trash and recycling expenses are $6,000. Title tags on trailers are $350. It's been over 2 years since a rent increase so the opportunity exists to increase revenue! Lot 1: $300 monthly lot rent. Lot 2: $600 monthly lot rent. Lot 3 & 4: $650-700 monthly rent. Lot 5 is empty but could charge $250 to $300 for monthly rent. Lot 6: $550 monthly lot rent. Lot 7: $600 monthly lot rent and Lot 8: $650 monthly lot rent. The unit closest to Broadway is owned by the people living in it. The rest are part of this property and included in this sale. - Convert the approximately 3 acre site to a residential development and build housing to take advantage of the strong market demand for housing in a rural setting like Charlotte. The natural and wooded view from the site will be very attractive to people wanting to build a home.

Other Property Details

Taxes: $478
Tax Frequency: Annually

Listed by Dennis Lauver with Coldwell Banker Howes & Jefferies REALTORS 563-503-9663

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