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$ 230,000
Est. payment /mo
Active
131 BROADWAY ST Charlotte, IA 52731
3 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID QC4264204
Annual Tax Amount $478
Tax Year 2023
Lot Size 3.000 Acres
Lot Dimensions 490 x 492 x 327 x 227
Property Sub-Type Land
Property Description
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.
Location
State IA
County Clinton
Area Charlotte
Zoning Comme
Interior
Heating Propane
Fireplace N
Exterior
Utilities Available Other
Building
Dwelling Type Land
Schools
School District 1 , 1, 1
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Dennis Lauver of Coldwell Banker Howes & Jefferies REALTORS
Cecil Sabu
Designated Managing Broker & Loan Originator | License ID: 471.019943 | NMLS ID: 2111992