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Offers due 10/01
Mobile Home Park For Sale: Edgewater Mobile Home Park and Marina.
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
Each lot is well-kept and there is a lot of beautiful landscaping. The streets are 32 feet wide, and each lot has a driveway for off-street parking. Tree work, such as removal of dead trees and tree trimming around the mobile homes, was done in 2021.
There is a 42-unit marina that may be purchased with the Edgewater Mobile Home Park. The marina boat slips rent for $400 per year. There is a boat launch. The marina boat slips are open to the public; many marina renters live in the subject mobile home park. In addition, there is a single-family home with attached garage, and a separate storage building. Currently, the park office is in the house; there is a separate entrance for the office.
There are 8 acres of land contiguous to Edgewater Mobile home Park that may be purchased. This property has 800 feet of lake frontage and is zoned for 30 mobile home sites.