Marcus & Millichap is pleased to be the exclusive listing agent for the sale of Harmony Hills Mobile Village, a 50 site manufactured housing community located in the northern Wisconsin city of Rhinelander.

Harmony Hills is set on just over 41 acres and features large lots capable of accommodating modern sized single and double wide homes; much of the acreage is undeveloped and could be used for expansion. All residents in the community own their manufactured home, there are no park owned rental homes. Currently 46 of the 50 lots are occupied. Lot rents in the community range from $220 to $245 per month including residents water, sewer and trash pickup. There are also five storage units onsite leased for between $25-$70 per month. All home site rent and storage fees with the exception of six residents pay by automatic ACH bank withdrawal making collections simple even for an out of area owner.

Current ownership has reinvested significant capital to upgrade the community including: two new water well pumps $2,800 and new mechanicals as well as clean-outs for the septic system $27K plus. New curb stops have also been installed in the community, one for every two homes for water shut off. Harmony Hills offers investors a high occupancy, stable community with strong going in cash flow and potential to add value thru filling the existing vacancy and periodic lot rent increases.