Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 694614
- Posted On: Aug 6, 2016
- Updated On: May 11, 2017
Description
11 acres with 3 stick build homes; 2 - 1 bedroom, and 1 - 3 bedroom
13 mobile homes with 14 pads, 1 - 1 bedroom, 12 - 2 bedrooms, and a 2 story garage
The pump house supplies water to the Park; it has 2 alternating wells;
2 newer bladder tanks; been upgraded and passed inspections.
Sewer supplied by Napoleon Township system.
All requirements for DEQ and Mobile Home Commission have passed.
9 of the acres are for future expansion
Rent rolls,
Income and expense statements,
with required documentation; descriptions, surveys, Township valuations and tax assessments
will be supplied at showing by request
Located 1/2 mile from US 127 South and M50; 5 miles to the intersection of I94 and US 127 South.
Bring all offers for negotiations
call (517) 962-2243
Location
Located 1/2 mile from US 127 South and M50; 5 miles to the intersection of I94 and US 127 South.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 14 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $480 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $66,860 |
| Operating Expense: | $41,265 |
| Net Operating Income: | $25,595 |
| Expense Ratio: | 61.7 % |
Lot Information
| Singlewide Lots: | 14 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 16 |
| Average Rent for Park-owned Homes: | $500 |