Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Listing ID: 1397621
- Posted On: Feb 24, 2021
- Updated On: Mar 12, 2022
Description
This private subdivision with wooded seclusion has paved roads, underground utilities, natural gas, street lighting, cable TV, plus a friendly staff providing lawn care, snow removal, water, sewer & trash pickup for a monthly lease & maintenance fee. Whitetail Estates is proud to have quality built double or triple wide homes on full poured concrete basements with attached & detached 2 & 3 car garages. There are no single wide mobil homes.
As of January 1, 2022 there are 14 homes on single lots & their lease fee is $285.00 a month. There are 6 homes on double lots & their lease fee is $420.00 a month for an average of $325.50 for a monthly total of $6,510.00 X 12 months equals $78,120.00 annual income.
There are only 20 homes, but they are on 26 lots. There are 52 more vacant lots that need manufactured homes on them.
To put in new homes the potential income from the available 52 vacant lots could be between $15,000-$20,000. for each home put in, using the lower figure could bring another $780,000. Plus the increase of lease fees.
Location
Northwoods country location surrounded by golf courses, lakes & restaurants located between St Germain & Minocqua Wisconsin. Whitetail Estates is approximately 29 acres. It is surrounded by the 19th Hole Par 3 and Miniature Golf Course, a wildlife conservancy, and state owned land. It has the convenience of the St Germain Shell Organic Food Market, with gas and groceries at the entrance into Whitetail Estates. It is across from the St Germain 18 Hole Municipal Golf Course and the Whitetail Inn Log Restaurant, know for the most fabulous Weddings and Receptions. Within walking distance is the Whitetail Lodge and the famous Blink Bonnie Resturant.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 78 |
| Total Occupancy: | 33.3 % |
| Year Built: | 1995 |
| Average MH Lot Rent: | $325 |
| Size: | 29 acre(s) |
Financial Information (Actual)
| Gross Income: | $78,120 |
| Operating Expense: | $14,120 |
| Net Operating Income: | $64,000 |
| Expense Ratio: | 18.1 % |
| Debt Info: | N/A |
Lot Information
| Singlewide Lots: | 0 |
| Doublewide Lots: | 52 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |