Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 14.0%
- Listing ID: 1732063
- Posted On: Aug 11, 2022
- Updated On: Oct 25, 2022
Description
Pebble Creek Park, located
on 6 wooded acres is
licensed for 17 spaces and
currently has 5 vacant lots.
There are 4 park owned
homes and 8 tenant owned
homes. The utilities consist
of city water and sewer on
three separate meters, and
individually metered owned
electric. Currently the owner charges
$160 for lot rent plus $140
for utilities per site. The park
owned homes collect
additional rent. The property
is ready for a new owner to
improve the park by
remodeling vacant homes
onsite, filling empty lots and
potentially sub-metering
utilities.
Location
Fairchild, Wisconsin located near Eau Claire.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 17 |
| Total Occupancy: | 70.0 % |
| Average MH Lot Rent: | $160 |
| Size: | 6 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $61,800 |
| Operating Expense: | $13,458 |
| Net Operating Income: | $48,341 |
| Expense Ratio: | 21.8 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | City |