Contact Information
Mobile Home Park Details
- Price: $349,900
- Purchase Method: Cash, New Loan
- Cap Rate: 8.3% (Actual)
- Listing ID: 6880489
- Posted On: Apr 30, 2025
- Updated On: Apr 30, 2025
Description
A nice, quaint mobile home park in Hancock, Wisconsin. This community is very easy to manage. There is one park-owned home the owner has rented from us for a long time. If you're just getting into the business, this is a perfect community to start with and learn the industry.
Location
646 2nd Blvd Private Hancock, WI 54943
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 9 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $40,644 |
| Operating Expense: | $13,501 |
| Net Operating Income: | $27,142 |
| Expense Ratio: | 33.2 % |
Lot Information
| Singlewide Lots: | 9 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $200 |