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Address is 765 S River Road Bay City, MI 48708

Erin Stevenson

Sunstone MH Consultants

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Riverview Estates

Mobile Home Park for Sale in Bay City, Michigan

765 S River Road
Bay City, MI 48708

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Sale Price: $990,000
 

Contact Information

Erin Stevenson
Sunstone MH Consultants
www.sunstonemhc.com

Mobile Home Park for Sale

Number of MH Lots: 197
Size: 25 acre(s)
Status: Sale Pending
Property ID: 713241
Posted on: Oct 13, 2016
Updated on: Dec 12, 2016
Price: $990,000

Property Description

Sunstone MH Consultants is pleased to offer for sale Riverview Estates manufactured housing community located in Bay City, Michigan. Riverview Estates is a 197-space, all-age, 2-star community situated on approximately 25.0± acres of land. Residents enjoy large lots, an on-site management office and playground. The property is serviced by public W/S which is sub-metered and billed back to the residents. Electricity and gas is billed directly to the residents by the provider. Riverview Estates is a value-add acquisition with upside in a home sales program. Current management has positioned the property for future success by cleaning up the delinquency and selling the vacant inventory available.

Park Information

Number of MH Lots:197
Total Occupancy:28.0%
Average MH Lot Rent: $325
Size:25.0 acre(s)