Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.0%
- Listing ID: 1892256
- Posted On: Sep 22, 2022
- Updated On: Dec 7, 2022
Description
Quiet 42 Lot Park in the heart of Wisconsin. Park sits on a beautiful 8 acre wooded parcel with 3 acres (included) adjacent for potential expansion. Highlights include city water and sewer, FEMA shelter and high historical rate of occupancy.
Location
City of Loyal, Clark County, WI
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Park Information
| Number of MH Lots: | 42 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1955 |
| Average MH Lot Rent: | $230 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $227,000 |
| Operating Expense: | $65,000 |
| Net Operating Income: | $162,000 |
| Expense Ratio: | 28.6 % |
Lot Information
| Singlewide Lots: | 42 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 30 |
| Average Rent for Park-owned Homes: | $700 |