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Mobile Home Park Services
5964 Veteran's Parkway
Columbus, GA 31909
Phone: 706-507-4289
www.mhps.us
Hilltop Mobile Home Park
1537 Hilltop Rd
Grand Rapids, MI 49525
County: Kent
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Location Description: |
20 miles east of Lake
Michigan, 160 miles west of Detroit |
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No. Spaces: |
110 |
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Occupancy: |
87% |
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Price: |
$3,300,000 |
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Net Operating Income: |
$234,306.42 |
Property
Description:
Value Family Properties - Hilltop is a manufactured home
community in Grand Rapids, Michigan. Grand Rapids is located
in Western Michigan approximately 160 miles West of Detroit
and only 20 miles east of Lake Michigan. Several major
highways are located in Grand Rapids, such as Interstate 96,
the main arterial East/West Interstate within Michigan.
VFP - Hilltop has a total of 110 usable spaces, of which 102
are occupied. The remaining 8 lots throughout the park are
made up of 8 abandoned homes. We are currently in the
process of obtaining title to all of these abandoned homes.
Filling these 8 abandoned homes with tenants at the current
average lot rent of $275 will increase the annualized park
NOI by $26,400. All homes within the park are owned
privately by the tenants.
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City water/sewer |
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Full pass through of
water/sewer/trash |
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Great property with great returns
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Very stable community |
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