Photo of Manufactured Home Community
Photo of Manufactured Home Community
Photo of Manufactured Home Community

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 14.0%
  • Listing ID: 123328
  • Posted On: Mar 15, 2012
  • Updated On: Dec 11, 2023

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

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

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 %

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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