1st street looking east
1st street looking east
Leather Av. looking west
Leather Av. looking west
Piper St. looking north
Piper St. looking north
1st street looking east
Leather Av. looking west
Piper St. looking north

Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Listing ID: 13247
  • Posted On: Jun 2, 2010
  • Updated On: Jul 8, 2012

Description

This Northern Wisconsin mobile home park offers the best of both country and city living. Within walking distance of the largest grocery store in the area, it is backed by acres of forested land with an abundance of wildlife. A walking and biking trail runs along the east side of the park. The mobile home park is about 8 acres. Total land area is approximately 48 acres, all of which is zoned for mobile homes so there is ample room for future expansion. The park has 53 developed sites. Our occupancy has been nearly 100% for quite a few years. There are also 20 undeveloped sites which only need tree removal, pad preparation, and yard work for immediate expansion. Water, sewer, and utilities have already been run into the undeveloped sites. Some also have meter bases. The park is served by municipal sewer and water, natural gas hook-ups, and weekly municipal garbage pick-up. For more information contact Ray Marvin at 715-453-3482.

Location

310 West Leather Av.
Tomahawk, Wi. 54487

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Park Information

Number of MH Lots: 53
Total Occupancy: 100.0 %
Year Built: 1974
Average MH Lot Rent: $180
Size: 8 acre(s)

Financial Information (Actual)

Gross Income: $121,920
Operating Expense: $24,400
Net Operating Income: $97,520
Expense Ratio: 20.0 %

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $325