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Mobile Home Park

Wisconsin Manufactured Housing Portfolio

38 Shady Oak Cir, Wisconsin Rapids, WI 54495

Listing Price: $12,950,000

Cap Rate
6.28%
Number of Spaces
404
Lot Size
213.81 acres
Occupancy
60.6%
Price/Space
$32,054
Spaces/Acre
1.89
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to present the Wisconsin Manufactured Housing Community Portfolio, a six-property manufactured housing portfolio totaling 404 spaces. The portfolio consists of Lake View Estates in Chilton, Wisconsin; Grand Fox Manufactured Housing Community in Markesan, Wisconsin; Maizefield Manufactured Housing Community in Mosinee, Wisconsin; Birch Tree Estates in Plover, Wisconsin; Suburban Heights Manufactured Housing Community in Wisconsin Rapids, Wisconsin; and Thousand Oaks Manufactured Housing Community in Wisconsin Rapids, Wisconsin. The total unit mix is comprised of 404 total spaces; 128 tenant-owned homes, 92 park-owned homes, 139 vacant lots, eight ready to rent park-owned homes, 25 park-owned homes in need of renovation, four manager units, two contract-to-own homes, five houses and one office. Thousand Oaks Manufactured Housing Community is zoned to add an additional 192 lots. A new investor can add additional mobile homes and fill vacancies to achieve a greater return.

Investment Highlights

  • Six Manufactured Housing Communities Located Throughout Central Wisconsin
  • Total of 404 Spaces
  • Total of 213.81 Acres
  • Potential to Increase Returns by Adding Homes and Filling Vacancies

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Mobile Home Park

Wisconsin Manufactured Housing Portfolio

Listing Price: $12,950,000

Cap Rate
6.28%
Number of Spaces
404
Lot Size
213.81 acres
Occupancy
60.6%
Price/Space
$32,054
Spaces/Acre
1.89
Year Built
1990

Investment Highlights

  • Six Manufactured Housing Communities Located Throughout Central Wisconsin
  • Total of 404 Spaces
  • Total of 213.81 Acres
  • Potential to Increase Returns by Adding Homes and Filling Vacancies

Investment Overview

Marcus & Millichap is pleased to present the Wisconsin Manufactured Housing Community Portfolio, a six-property manufactured housing portfolio totaling 404 spaces. The portfolio consists of Lake View Estates in Chilton, Wisconsin; Grand Fox Manufactured Housing Community in Markesan, Wisconsin; Maizefield Manufactured Housing Community in Mosinee, Wisconsin; Birch Tree Estates in Plover, Wisconsin; Suburban Heights Manufactured Housing Community in Wisconsin Rapids, Wisconsin; and Thousand Oaks Manufactured Housing Community in Wisconsin Rapids, Wisconsin. The total unit mix is comprised of 404 total spaces; 128 tenant-owned homes, 92 park-owned homes, 139 vacant lots, eight ready to rent park-owned homes, 25 park-owned homes in need of renovation, four manager units, two contract-to-own homes, five houses and one office. Thousand Oaks Manufactured Housing Community is zoned to add an additional 192 lots. A new investor can add additional mobile homes and fill vacancies to achieve a greater return.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

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