Contact Information

Mobile Home Park Details

  • Price: $2,100,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1175655
  • Posted On: Jan 2, 2020
  • Updated On: Jan 14, 2020

Property Description

50 Lot Park almost all Owner Occupied.
38 Acres Includes Unused Land and some Wetlands.
Room to Expand 20 more Sites!
130-140 K in Upgrades - New Asphalt, Roofs, Landscaping, Paint, Signs, Fencing, and Concrete Work.
Huron River just behind Park!
96% Occupied! Zoned for Marina! Within 1/4 Mile of Lake Erie!

Location

Within 1/4 Mile of Lake Erie!

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Park Information

Community Type: All Age
Number of MH Lots: 50
Total Occupancy: 96.0 %
Year Built: 1980
Average MH Lot Rent: $482
Size: 38.0 acre(s)

Financial Information (Actual)

Gross Income $289,464
Operating Expense $107,811
Net Operating Income $181,653
Expense Ratio 37.2 %
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $600

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