This Multifamily Property is Off-Market.

W4014 Alpine Ave.
Merrill, WI 54452 ·

50 Spaces · Multifamily For Sale

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Deer Run Estates Mobile Home Park

Price N/A Property Use Type Investment
No. Spaces 50 Cap Rate 10.25%
Property Type Multifamily Lot Size 25.70 SF
Property Sub-type Mobile Home/RV Community APN / Parcel ID 01631072139983
Listing ID: 18364629 Date Created: 09/19/2013 Last Updated: 12/12/2013

Description

NEW LISTING!! Deer Run Estates is a quiet, pleasant and clean mobile home park.
Larger homesites and yards and homes are attractive and tidy.
Almost all are single section homes and many are 1980s and even a few 1970s vintage. Quite a few 1990s homes.
The residents pay on time and there are minimal collection problems, so income is steady and predictable.
50 total sites
14 vacant sites
2 rental manufactured homes
5 homes, rent to own
1 home currently in inventory being rehabbed to rent or sell.
Private well and septic.
Water is read quarterly and billed to residents quarterly by owner.
All leases expire on June 30th each year.
Strong collections.
Quiet and very clean mobile home park.
Lot rent $300 per month plus water & sewer.
Street lights NEW in 2012.

OWNER WANTS AN OFFER!

Merrill, WI is in Lincoln County in north central Wisconsin.
" Population of Merrill is 9,700 and Lincoln County is 29,500
" Merrill is located 15 miles from Wausau, 50 miles from Stevens Point, 113 miles from Green Bay and 159 miles from Madison
" Largest area employers are: Church Mutual Insurance Co., Lincoln Wood Products (windows & patio doors), Lincoln County Government and the Merrill Area Public Schools
" New Wal Mart coming soon

Research

W4014 Alpine Ave., Merrill, WI 54452 (Lincoln County)

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