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 |