Contact Information

Property Description

The Pineview Trailer Court is a 20 lot mobile home park located just on the outskirts of Eleva, WI and is the only mobile home park in this town. The park is located just 13 miles south of Eau Claire, WI and 26 miles north of Arcadia, WI. This park has added amenities such as a walking trail on the extra acreage and connects to the state ATV trail system.

The mobile home park consists of 20 lots: of the 20 lots, 17 are currently occupied. Of the occupied lots, 12 of the lots are tenant owned homes paying lot rent of $175/month. Lot rents have not been raised for many years and are under current market amounts. The other five lots are occupied by POHs in good/fair condition earning an average of $500/month. There are two park owned homes on the property at this time that need to be vacated from the park. The park has a significant amount of low-hanging fruit such as increasing lot rent, filling vacant sites, expanding the park and more.

The Pineview Trailer Court has a variety of employment opportunities near the park. Employment located in the town of Eleva consists of eateries, bars, gas station and other small businesses. In the immediate area, Eau Claire has an extensive amount of job opportunities. Also, Arcadia, WI has two major employers with Pilgrim’s Pride chicken processing plant and Ashley Furniture manufacturing and distribution plant. Ashley Furniture provides a transportation service to its employees with a pick-up/drop-off site available in Eleva. Overall, there are more than enough employment opportunities to keep this park filled and the rental history shows this.

Appraisal value of $275,000 in 2015.
Cap rate of 16.47%
Cash on cash return of 40.10%

This is a strong investment opportunity. Contact for more information.

Mobile Home Park Details

  • Price: $220,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1013167
  • Posted on Dec 6, 2018
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Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 85.0 %
Average MH Lot Rent: $175
Size: 23.5 acre(s)

Lot Information

Singlewide Lots: 20

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $500

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