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Mobile Home Park

Oak Grove Terrace

1407 N Peach Ave, Marshfield, WI 54449

Listing Price: $6,500,000

Cap Rate
5.17%
Number of Spaces
175
Lot Size
33.28 acres
Occupancy
74.0%
Price/Space
$37,143
Spaces/Acre
5.26
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Oak Grove Terrace, an all age manufactured housing community located in Marshfield, Wisconsin. Oak Grove Terrace consists of 175 sites with only 17 park owned homes. The community is serviced by public water and sewer. Oak Grove Terrace is conveniently located near Interstate 97 providing immediate access to an ample amount of shopping and restaurants. The community is located 2 minutes from Marshfield Mall and 5 Minutes from Walmart. New ownership can implement an aggressive sales program to increase occupancy and increase below market rents. Debt to be assumed or defeased at Buyers expense.

Investment Highlights

  • Opportunity to Acquire an All Age Manufactured Housing Community Located in Marshfield, Wisconsin
  • 175 Sites That Are 74 Percent Occupied Allowing A New Investor to Implement an Aggressive Sales Program. Only 17 POH
  • Convenient Location Near Interstate 97 Providing Immediate Access to Shopping and Dining
  • Public Water and Sewer

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Financing By

Mobile Home Park

Oak Grove Terrace

Listing Price: $6,500,000

Cap Rate
5.17%
Number of Spaces
175
Lot Size
33.28 acres
Occupancy
74.0%
Price/Space
$37,143
Spaces/Acre
5.26
Year Built
1970

Investment Highlights

  • Opportunity to Acquire an All Age Manufactured Housing Community Located in Marshfield, Wisconsin
  • 175 Sites That Are 74 Percent Occupied Allowing A New Investor to Implement an Aggressive Sales Program. Only 17 POH
  • Convenient Location Near Interstate 97 Providing Immediate Access to Shopping and Dining
  • Public Water and Sewer

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Oak Grove Terrace, an all age manufactured housing community located in Marshfield, Wisconsin. Oak Grove Terrace consists of 175 sites with only 17 park owned homes. The community is serviced by public water and sewer. Oak Grove Terrace is conveniently located near Interstate 97 providing immediate access to an ample amount of shopping and restaurants. The community is located 2 minutes from Marshfield Mall and 5 Minutes from Walmart. New ownership can implement an aggressive sales program to increase occupancy and increase below market rents. Debt to be assumed or defeased at Buyers expense.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

Financing By

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