Contact Information

Andria Strittmatter

Mhp 360

Mobile Home Park Details

  • Price: $3,000,000
  • Cap Rate: 10.0%
  • Property ID: 1234172
  • Posted On: Mar 24, 2020
  • Updated On: Mar 24, 2020

Property Description

JUST LISTED! Over 100 Total Sites! 80+ Rental Homes. On-Site Office and Laundry Facilities with High and Stable Occupancy! Good Location and Substantial Value-Add Potential. 98% Physical Occupancy and 87%+/- Economic Occupancy. Private Water & Sewer Utilities with Paved Roads and Close to Major MSA!

For more Information Contact MHP 360 at mhp360@gmail.com or Call 810-354-8001/248-720-8011.

Amenities

  • Laundromat
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Park Information

Number of MH Lots: 110
Total Occupancy: 98.0 %
Average MH Lot Rent: $350
Size: 40 acre(s)

Financial Information

Net Operating Income $320,000
Debt Info

Utility Information

Water: Well
Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $350

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