Here’s Your Chance To Own A 100% Full Mobile Home Park At A 12.9 Cap and A Separate 1 Acre Lake Lot In The Beautiful Eagle River Area.

This Is A 12 Lot Mobile Home Park On 8.62 Acres With Room To Expand To 24 Lots. The Park Is 100% Occupied With 10 Tenants Owning Their Homes and 2 Rent To Own Homes.

All The Hard Work Has Been Done. New Septic System Installed In 2009, Existing Mobile Homes Have Been Rehabbed And Sold To Tenants and Mobile Homes Brought Into Fill The Park.

There Is Still Excellent Upside Potential As Rents Are $30 to $40 Below Market, Also May Be Able To Add 12 Additional Mobile Home Lots.

You Also Have Many Options With The Separate Lake Lot.
- Build Your Dream Lakefront Home and Let The Park Pay Your Mortgage
- Sell The Lake Lot And Pocket The Proceeds
- Improve The Lake Lot To Include Docks, Recreation / Picnic Areas For Your Tenants and Further Increase The Rents

Income & Expenses
$ 33,000 - Lot Rent (12 Lots)
$ 1,320 - Pet Fees
$ 8,040 - Mobile Home Rents (2)
$ 42,360 - Gross Income

$ 9,658 Expenses (2015 & 2016 Average)

$ 32,702 Total NOI
$ 24,662 Mobile Home Park NOI

Price Includes Mobile Home Park at a 12 Cap, $31,262 Balance On Two Mobile Home Rent To Own Agreements and the 1 Acre Lake Lot.

Following Is The Breakdown Of This Tremendous Offer By Asset.

$ 191,178 - Park At 12.9 Cap
$ 31,262 - Two Rent To Own Contracts
$ 35,000 - Assessed Value Of Lake Lot
$ 257,440 - Total Value

Call Dave At 262-748-3625 For More Information.

Mobile Home Park, Manufactured Home Park, Trailer Park, Mobile Home Community,
Manufactured Home Community,