Recreacres Mobile Home Community

Category
Current Portfolio
About This Project

Location:1540 Torun Rd Stevens Point, WI

Description:

  • 78 Acre Mobile Home Park, 165 Spaces
  • 80% occupied

Purchased in 2015:

  • $2.5 Million

Current Performance:

  • $175,375  Yearly Net Cash Flow After Debt Service.

Opportunity To Add Value:

  • Sell off excess acreage for approx $500,000.
  • Increase Below Market Rents by $100,000 per year.
  • Rental increase will result in an approx $1M increase in property value.