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Brookings Area MHC's - 293 Spaces 1 Land Properties in Madison, SD
Investment Highlights
- Below Market Lot Rents
- 55 Park Owned Homes - Mostly Late Model
- 86% Occupancy - Stabilized, but Upside through Infill
- All Public Utilities
Executive Summary
Five MHC properties clustered in and around Brookings, SD. These clean, well-managed properties feature all public utilities. The properties trail competing properties on rental rates, leaving measurable upside for the next owner. SD Broker of Record - Mike Orr, Meadowlark Investment Brokerage.
Colonial & Medary Village
410 & 324 Medary Ave S, Brookings, SD
Valley Village
222 E US Hwy 14, Volga, SD
Woodbury Estates
602 NW 9 St, Madison, SD
Stagecoach
210 Dows St, Garretson, SD
Colton Mobile Home Park
817 S Main St, Colton, SD
Colonial & Medary Village
410 & 324 Medary Ave S, Brookings, SD
Valley Village
222 E US Hwy 14, Volga, SD
Woodbury Estates
602 NW 9 St, Madison, SD
Stagecoach
210 Dows St, Garretson, SD
Colton Mobile Home Park
817 S Main St, Colton, SD
Property Facts
| Cap Rate | 7% | Number of Properties | 5 |
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Land Area | 12.62 AC |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Land Area | 12.62 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
|
Woodbury Estates
602 NW 9th St, Madison, SD 57042 |
Land | 12.62 AC | - |
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Brookings Area MHC's - 293 Spaces
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