View from #15
Home #26
Home #15
Home #11
Home #11 water
Home #1
Home #1 water
Unit 28
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.3%
- Listing ID: 678168
- Posted On: Jun 16, 2016
- Updated On: May 31, 2017
Description
29 lot park located on Patricia Lake in the heart of the Northwoods -- Minocqua, WI. Close to Walmart/retail area and town park as well as the Minocqua Chain of Lakes. Loads of new improvements made to the park recently. Upside with one vacant/available home lot on the lake.
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 29 |
| Total Occupancy: | 96.5 % |
| Year Built: | 1965 |
| Average MH Lot Rent: | $336 |
| Size: | 8 acre(s) |
Financial Information
| Gross Income: | $116,040 |
| Operating Expense: | $28,583 |
| Net Operating Income: | $85,087 |
| Expense Ratio: | 24.6 % |
Lot Information
| Singlewide Lots: | 29 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |