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Town & Country Acres 402 North Beaver Street, Loyal, WI 54446

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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 14.0% (Actual)
  • 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

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