This property features 70 sites, 100% occupied, no park owned homes. This is an age 55+ mobile home park. City water and City sewer are direct billed. Garbage and all other utilities are direct billed. Most of the homes have garages. There are no collection problems.
Edgewater Mobile Home Park is the quintessential auto-pilot investment property. For the past 21 years, the sellers leave Rhinelander for 6 months out of the year. The snow removal and lawn care are outsourced.
*Lot rent growth potential
*Beautiful, pleasant park with well-maintained tenant owned homes
*All utilities are direct billed
This offering consists of 3 parcels but purchasing all 3 properties is not required.
* 70-site mobile home park
*42-slip marina with house (office) and storage building
* 8 acres of land zoned for 30 to be built mobile home sites with 800 feet of lake frontage

OFFERS DUE 10/01/21 BY 5 PM CST

27.66 acres

New Horizons $ 4,300,000.00

New Horizons

$ 4,300,000.00

Sold! 119 site park in Ames, IA, part of the Des Moines, IA metro.

21.18 acres

West Branch MHP $ 6,500,000.00

West Branch MHP

$ 6,500,000.00

Sold! 181 site park in West Branch, IA, part of the Iowa City metro.

53.42 acres

Sunny-Brook $ 5,550,000.00

Sunny-Brook

$ 5,550,000.00

Sold! 143 site park in Berwick, IA, part of the Des Moines metro.

38.28 acres

Western Hills $ 9,900,000.00

Western Hills

$ 9,900,000.00

Sold! 286 site park in Coralville, IA, Iowa City metro.

81.43 acres

Oak Forest MHP $ 2,970,000.00

Oak Forest MHP

$ 2,970,000.00

Beautiful 3-star park next to a forest preserve, minutes from shopping, major area employers, and schools. Park includes a few duplex/quadplex apartment units and an office building.

Andrew’s Estates MHC $ 630,000.00

Andrew’s Estates MHC

$ 630,000.00

Nice park in Kalamazoo-Battle Creek MSA; 15 to 20 minutes to either metro. Great location for commuters.

Lindale Manor MHP $ 3,400,000.00

Lindale Manor MHP

$ 3,400,000.00

Sold! 105 site park in the heart of the retail hub of Cedar Rapids-Hiawatha-Marion Metro.

13.45 acres