Contact Information

Mobile Home Park Details

  • Price: $700,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1130394
  • Posted On: Sep 6, 2019
  • Updated On: Oct 22, 2019

Property Description

Nice park in Kalamazoo-Battle Creek MSA; 15 to 20 minutes to either metro. Great location for commuters. Great opportunity to fill sites and increase upside. Current owners have removed abandoned homes, completed repairs and done many capital improvements including $5000 in electric meter repair and $53,000 in repairs to the water and sewer systems. Great opportunity to build wealth by filling sites. Park is two hours from several manufactured home plants, resulting in lower transportation costs on new homes. Additionally, the park is within 15 miles of three colleges with a student population over 30,000. The area has a low crime rate and unemployment around 3.6%. Median Household income is $36,343. Apartments vacancy is very low with average rents from $553 (studio) to $1,114 (3-bedroom). The population has increased 8% since 2010. Economy is diverse with manufacturing, retail, hospitality, medical, professional, administrative, and waste management services, all being key employment centers. 10 of the lots are small and will only fit 40 ft homes.

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Park Information

Community Type: All Age
Number of MH Lots: 71
Total Occupancy: 40.8 %
Year Built: 1961
Average MH Lot Rent: $305
Size: 9.9 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - RUBs
Sewer: City

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