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Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.0%
- Listing ID: 115177
- Posted On: Feb 14, 2012
- Updated On: Jan 3, 2013
Description
24 Lot site in a wooded and rolling site of 21.74 acres.
Long-term tenants, with one vacancy.
Well-maintained by long-term owner for the past 15+ years.
Location
South of Portage, Wisconsin just off Highway 51.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 96.0 % |
| Year Built: | 1985 |
| Average MH Lot Rent: | $260 |
| Size: | 22 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $74,880 |
| Operating Expense: | $24,880 |
| Net Operating Income: | $50,000 |
| Expense Ratio: | 33.2 % |
Lot Information
| Singlewide Lots: | 18 |
| Doublewide Lots: | 6 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |