Contact Information

Mobile Home Park Details

  • Price: $965,000
  • Purchase Method: Cash
  • Cap Rate: 11.0%
  • Property ID: 1394562
  • Posted On: Feb 17, 2021
  • Updated On: Mar 4, 2021

Property Description

Owner Occupied Park for Sale!

35 Owner Occupied Lots @ 360
1 Park Owned @ 560
2 Park Owned Vacant
14 Vacant Lots

In-Fill Opportunity!

Can Connect to City Water!

HAVE A PARK TO SELL?

Frank - BIRCH REALTY- 727-592-2418

Location

Near Kalamazoo, MI

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Park Information

Community Type: All Age
Number of MH Lots: 52
Total Occupancy: 73.0 %
Year Built: 1979
Average MH Lot Rent: $360
Size: 8 acre(s)

Financial Information (Actual)

Gross Income $156,983
Operating Expense $50,704
Net Operating Income $106,279
Expense Ratio 32.3 %
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $560

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