26623 Sturgeon Ave Webster, WI 54893
- Mobile home & RV parks
- 1.58 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 26623 Sturgeon Ave
- Lot size
- 1.58 lot acres
- Property type
- Mobile home & RV parks
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Webster
- County
- Burnett
- State
- Wisconsin
- Longitude
- -92.3674946
- Latitude
- 45.8827028