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Mobile Home Park with Stream
For Sale
$1,100,000

24 Bancroft Drive, Richland Center, WI 53581

The Richland Center community is fully tenant-occupied, with owner-managed homes and two additional lot-rent sites.

Property SizeContact for details
Lot Size6.14 Acres
Days on Market681

Property Features for 24 Bancroft Drive

General Information

Standard status Active
Lot size 6.14 Acres
Property subtype Multi Family Home
Zoning Commercial
Occupancy 100%

Units

Multifamily Units 20
Mobile Home Lots 20
Park-Owned Homes 18

Additional Details

Tenant in Place Yes

Building Details

Units 20
Listing Agency: Cold Water Realty
Listed By: Vikki Triggs · License #8795694
Source: Geigerrealtors
Added: Dec 12, 2024 Changed: Oct 23 Last Checked: Oct 23 at 5:50PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cold Water Realty

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Investment Insights

Based on property information with market context.

Located at 24 Bancroft Drive in Richland Center, this mobile home park occupies 6.14 acres in the Pine River Valley and includes a stream. The current owner owns and manages 18 properties in the park; two other lots have homes for which the owner receives lot rent. The property is zoned Commercial and is fully tenant-occupied.

Key Highlights

  • 6.14‑acre mobile home park in Richland Center
  • 18 properties owned and managed by the current owner
  • Two additional lots have homes generating lot rent

Property Analytics

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Lease Details

20
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

124
Businesses Nearby

Demographics for 53581, WI

10,024
Population
5,012
Households
2
Avg Household Size
45
Median Age
21%
College-Educated
92%
High-School Grad
232.4 sq mi
ZIP Area
43
Density / Sq Mi
$59,630
Median Household Income
$38,854
Median Earnings
$722
Median Rent
$180,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mobile home & RV park - The Richland Center community is fully tenant-occupied, with owner-managed homes and two additional lot-rent sites.
Where is this mobile home & rv park located?
The property is located at 24 Bancroft Drive Richland Center, WI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6.14‑acre mobile home park in Richland Center; 18 properties owned and managed by the current owner; Two additional lots have homes generating lot rent
More about this property
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