Mobile Home Park Details

Purchase Method: Cash, New Loan, Assumable Loan
Cap Rate: 7.0%
Listing ID: 1738622
Posted On: Aug 19, 2022
Updated On: Dec 19, 2022

Description

Cushman & Wakefield's Manufactured Housing Group is pleased to present the exclusive listing of Carlton Heights a manufactured housing community in Sturgeon Bay, WI. The park consists of 43 Tenant-Owned homes, and 1 Single-Family Home. Carlton Heights is a professionally managed and stabilized asset with historically minimal turnover. The Park offers investors the compelling opportunity to acquire a value-add community with demonstrated rent increases. Current ownership has completed several recent renovations capturing for strategic rent increases and proven-value add premiums.

Location

Carlton Heights is located in beautiful Sturgeon Bay, named one of the top 10 small towns in America by Coastal Living Magazine. The Community is situated between vineyards, and less than 2 miles from the shore of Lake Michigan. Door County offers more miles of shoreline, one of the highest concentrations of lighthouses and 5 state parks, more than any other county in Wisconsin. The area offers a wide variety of outdoor recreation and is also known for its art galleries and performing arts.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Get Financing