For Sale
$400,000

26623 Sturgeon AveWebster, WI 54893

Wisconsin Mobile Home Park: High Occupancy, Strong ROI

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 15-unit mobile home park in Webster, Wisconsin, presents a compelling investment opportunity. Currently boasting 100% occupancy with 12 tenant-owned homes, each paying a $300 monthly lot rent, the park generates a substantial NOI of $33,565, yielding an 8.39% cap rate. A pro-forma analysis projects a significant increase in NOI to $53,305, resulting in a compelling 13.33% cap rate. Situated on a 1.58-acre lot at 26623 Sturgeon Ave N, Webster, WI 54893, this Class C property benefits from convenient city water and sewer connections, minimizing operational complexities. The park's current capacity of 12 homes can be expanded to its full potential of 15 units, offering further growth opportunities for the astute investor. This turnkey investment provides immediate cash flow and significant upside potential in a thriving community. The asking price is $400,000.

Highlights

  • 15-unit mobile home park in Webster, WI with 100% occupancy.
  • $300 monthly lot rent per tenant-owned home (12 currently occupied).
  • Current NOI of $33,565, 8.39% cap rate; pro forma NOI of $53,305, 13.33% cap rate.
  • 1.58-acre lot at 26623 Sturgeon Ave N, Webster, WI 54893; city water and sewer.
  • Expandable from 12 to 15 units.
  • Asking price: $400,000.

Property Details for 26623 Sturgeon Ave

Property type
Mobile home & RV parks
Class
C
Lot Size (sq. ft)
68,825 SF
Units
15

Location Insight

City
Webster
County
Burnett
State
Wisconsin
Latitude
45.8827028
Longitude
-92.3674946
26623 Sturgeon Ave, Webster, Wisconsin

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Contacts

IRE Investment
IRE Investment
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26623 Sturgeon Ave, Webster, Wisconsin, 54893

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

26623 Sturgeon Ave
  • IRE Investment
    IRE Investment
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