Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 14.0%
  • Property ID: 123328
  • Posted on Mar 15, 2012

Property Description

Mobile Home Community with 3 residentail homes adjacent lot offers the right investor the opprotunity to double the community size and the demand for more affordable housing is increasing as the community is only 5 minutes from downtown.For more information please call (313)469-0951 Ext 23

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Park Information

Community Type: All Age
Number of MH Lots: 18
Total Occupancy: 83.0 %
Average MH Lot Rent: $250

Financial Information (Actual)

Gross Income $42,600
Operating Expense $10,671
Net Operating Income $31,929
Expense Ratio 25.0 %
Debt Info

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $35

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