Photo of Manufactured Home Community
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Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.9%
- Listing ID: 107330
- Posted On: Oct 25, 2011
- Updated On: Dec 11, 2023
Description
3 Park package, all with in minutes of each other, only 3 rentals ,city water and city sewer (Ind Mtrd) and low expenses. Park reads water meters, collects and pays water & sewer bills.
For information and a complete package call (313) 469-0951 Ext 119 or email jbradt@remaxsignaturecommercial.com.com
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Total Occupancy: | 68.0 % |
| Average MH Lot Rent: | $183 |
Financial Information
| Gross Income: | $242,844 |
| Operating Expense: | $123,897 |
| Net Operating Income: | $118,897 |
| Expense Ratio: | 51.0 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
