Contact Information
Mobile Home Park Details
- Price: $400,000
- Cap Rate: 8.4%
- Listing ID: 6737904
- Posted On: Sep 27, 2024
- Updated On: Oct 30, 2024
Description
Listing Broker:
Jennifer Stein Real Estate, Inc
Jennifer Stein
213.446.5366
WI License: 938861-91
Out-Of-State Cooperating Broker:
Elizabeth Tallman
(914) 715-2270
liz@ireinvestment.com
IRE Investment
NYS LIC#: 10401386246
63 Putnam St #202, Saratoga Springs, NY 12866
- Discover a lucrative investment opportunity at this vibrant 15-pad Mobile Home Park on Sturgeon Ave N, featuring 12 Tenant-Owned homes with a $300/month lot rent.
- Unleash the potential for exceptional ROI as you delve into this thriving community of homeowners, each contributing to the park's success.
- This property has the luxury of convenient city water and city sewer connections, ensuring hassle-free maintenance and efficiency for any investor looking to maximize their ROI.
- This property boasts the opportunity to expand from the 12 homes currently on site to a total of 15 homes!
Location
- Visiting Webster, WI is a truly unique experience. The small-town atmosphere has been preserved for years and is full of friendly and welcoming people. There are plenty of charming shops, exciting restaurants, and historic sites to explore. Nature lovers will also find plenty to do with many forests, lakes, and parks in the area. The town is well-connected as it is close to major highways and airports that make it easy to access other parts of Wisconsin or even the rest of the country. Webster, WI offers a lot to its residents and visitors alike.
Park Information
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Size: | 2 acre(s) |
Financial Information
| Gross Income: | $43,200 |
| Operating Expense: | $9,635 |
| Net Operating Income: | $33,565 |
| Expense Ratio: | 22.3 % |
Utility Information
| Water: | City |
| Sewer: | City |
