26623 Sturgeon AveWebster, WI 54893
- Residential income properties
- 1.58 AC
Property Details for 26623 Sturgeon Ave
- Lot size
- 1.58 AC
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Webster
- County
- Burnett
- State
- Wisconsin
- Latitude
- 45.8827
- Longitude
- -92.3675
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