Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.8%
- Listing ID: 1888497
- Posted On: Sep 17, 2022
- Updated On: Feb 2, 2023
Description
Mobile Home Park in West/Central Wisconsin that recently went through significant clean-up and improvements. New owner would have the opportunity to lease out additional mobile homes and fill vacant lots as well as possibly raise rents that haven't been raised in years. Park is on well water and one septic for every two trailers. Additional land at the back of the mobile home park is also available for sale if desired, with price dependent upon the agreed-upon price for the mobile home park.
Location
West/Central Wisconsin
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Park Information
Community Type: | All Age |
Number of MH Lots: | 20 |
Total Occupancy: | 75.0 % |
Average MH Lot Rent: | $175 |
Size: | 8 acre(s) |
Financial Information (Actual)
Gross Income: | $50,673 |
Operating Expense: | $21,259 |
Net Operating Income: | $29,414 |
Expense Ratio: | 42.0 % |
Debt Info: | None |
Lot Information
Singlewide Lots: | 20 |
RV Information
Number of RV Lots: | 0 |
Utility Information
Water: | Well |
Water Paid By: | Tenant - RUBs |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 4 |
Average Rent for Park-owned Homes: | $580 |