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