Contact Information

Mobile Home Park Details

  • Price: $3,200,000
  • Cap Rate: 7.4%
  • Property ID: 1381529
  • Posted On: Jan 19, 2021
  • Updated On: Jan 19, 2021

Property Description

**Download Offering Materials: http://capstoneapts.listinglab.com/WestMichiganPortfolio/**

Capstone Manufactured Housing is pleased to present the West Michigan Portfolio, a 94-site portfolio between two communities. South Haven MHP is a 53-site park in South Haven, MI only minutes away from the beach along Lake Michigan. Shady Oaks MHP is a 41-site park in Muskegon, MI with 23 mobile home sites and 18 apartment units. Both communities are on public utilities and boast below average rents compared to surrounding parks. This offering presents the opportunity to acquire two communities with immediate rental upside.

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Park Information

Community Type: All Age
Number of MH Lots: 94
Total Occupancy: 88.0 %
Size: 8 acre(s)

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 20

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