301 E Commerce Blvd

• 100 Lots - Slinger, Washington County, Wisconsin Location - City Water & Sewer Service
• 67% Occupancy - Tremendous Opportunity to Infill New Homes to Drive Occupancy and Improve the Community
• $372 per month Average Site Rents - Greater Submarket average exceeds $500/month - Opportunity to Improve W/S Collections
• Excellent Greater Milwaukee location close to Highway 41, Waukesha, Germantown and Menomonee Falls

Property Description

Wheel Estates represents a unique opportunity for an experienced manufactured housing operator to acquire a property in a prime metro-Milwaukee market with significant value add upside. The property is developed with 100 rentable sites serviced by city water and sewer in the Washington County city of Slinger, Wisconsin. The location is extremely desirable with close proximity to Highway 41 and the upscale and diverse surrounding economies of Waukesha, Germantown, Menomonee Falls and greater Milwaukee. The Slinger school district is highly desirable for families with children. The property presents significant upside for a capitalized buyer as it is currently operating at 67% occupancy. Average lot rent rates are currently $372 per month with comparable communities in the surrounding market averaging well north of $500. There is the opportunity to improve water and sewer utility collections as well as infill the community with new homes to drive occupancy as the greater submarket is highly occupied.