Entrance
Entrance
Clubhouse
Clubhouse
Pool
Pool
Sample 1
Sample 1
Sample 2
Sample 2
Sample Pad
Sample Pad
Sample 3
Sample 3
Roads - back half
Roads - back half
Home- back half
Home- back half
Sample 4
Sample 4
Entrance
Clubhouse
Pool
Sample 1
Sample 2
Sample Pad
Sample 3
Roads - back half
Home- back half
Sample 4

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 574158
  • Posted On: Oct 16, 2015
  • Updated On: May 17, 2017

Description

NAI Farbman has been retained as the Exclusive Agent to extend the opportunity to acquire Green Briar MHC, a 4-Star manufactured housing community that contains 345 double-wide sites and 73 Community owned homes of modern vintage. Spread across 61.38 Acres, the property has a density of 5.6 Pads per acre. All sites include 2 off-street parking spaces. The property is served by municipal water and sewer which is individually metered to each site.

Location

Green Briar is located nearby a convenient network of freeways in Burton, MI. With freeways like I-475, I-69, and I-75 just minutes away, Green Briar provides residents with easy access to greater employment markets. One of the most prominent of these employers include the automotive giant General Motors, which has significant investments in the Flint area and plans for more in the near future. In addition to the presence of GM, Flint is home to multiple hospitals which provide employment opportunities. These include Genesys Hospital, Hurley Medical Center, and McLaren Hospital. Green Briar is a short drive to the nearby city of Grand Blanc, a small town known for its unique downtown experience with nice restaurants, public and private golf courses (former home of the Buick Open).

Amenities

  • Pool
  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 345
Total Occupancy: 29.0 %
Year Built: 1997
Average MH Lot Rent: $388
Size: 61 acre(s)

Financial Information (Actual)

Gross Income: $797,686
Operating Expense: $392,300
Net Operating Income: $405,386
Expense Ratio: 49.2 %

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 73
Average Rent for Park-owned Homes: $362

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