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Address is Niles, MI 49120

Erin Stevenson

Sunstone MH Consultants

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Country Acres MHP

Manufactured Home Community for Sale in Niles, Michigan

Sale Price: $1,650,000

Contact Information

Erin Stevenson
Sunstone MH Consultants
www.sunstonemhc.com

Mobile Home Park for Sale

Number of MH Lots: 64
Size: 8.7 acre(s)
Status: Sale Pending
Property ID: 650380
Posted on: Mar 31, 2016
Updated on: Aug 24, 2017
Price: $1,650,000

Property Description

Country Acres is a 64 site manufactured housing community located in Niles, Michigan. Current rents average $332 which includes water, sewer, and trash. Water and sewer are provided by a private well and septic system. Economic occupancy is currently 95%. Owned inventory and mortgaged homes must be purchased in conjunction with the real estate.

Highlights:
-11% Cap based on 2017 rent increase of $10
-64 sites: 95% occupancy & $332 average rents
-Strong current and historical occupancy and tenant demand
-Convenient to I-90 & I-94 via Highway 31
-Private Well & Sewer Systems

To request a package, email Julie at julie@sunstonemhc.com

Park Information

Number of MH Lots:64
Total Occupancy:95.0%
Year Built:1950
Average MH Lot Rent: $332
Size:8.7 acre(s)

Utility Information

Water:Well
Sewer:Septic