110-Space Mobile Home Park - for Sale in Gladstone, Michigan
Gladstone, MI
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Broker Information
Michael CalinRe/Max Signature-Commercial Division
www.remaxsignaturecommercial.com
Mobile Home Park for Sale |
|
| Number of MH Lots: | 110 |
| Cap Rate: | 8.3% |
| Purchase Method: | Seller Financing |
| Status: | Active |
| Property ID: | 114323 |
| Posted on: | Jan 30, 2012 |
| Updated on: | Apr 17, 2012 |
| Price: | $3,245,000 |
Property Description
GATED RETIREMENT COMMUNITY AND SELF STORAGES!!!!! 110 Developed sites and licenced for over 300. Club House, Tenants have Access to a 18 hole golf course (not included in sale) fOR MORE INFORMATION PLEASE CALL THE CALIN-S. LAMBRECHT TEAM AT (586)214-1169
OWNER WILL ENTERTAIN LAND CONTRACT OFFERS WITH 20%DOWN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Park Information
| Number of MH Lots: | 110 |
| Total Occupancy: | 75.0% |
Financial Information
| Gross Income | $345,360 |
| Operating Expense | $80,265 |
| Net Operating Income | $265,095 |
| Expense Ratio | 23.2% |
| Debt Info |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Amenities and Other
| Pool: | Yes |
| Club House: | Yes |
| Storage: | Yes |
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