Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 5.0% (Actual)
- Listing ID: 1547537
- Posted On: Nov 11, 2021
- Updated On: Feb 15, 2022
Description
Mobile Home Park in popular Grayling available for sale! In need of cosmetic upgrades and renting out. Licensed for 49 Lots with its own private utilities, This park is open for Home Owners as well as RV sites. Lots rent for $300 per month and RV sites range per season. Popular area for vacationers/campers with nearby Hiking, close to Hartwick State park and Au Sable river! Directly behind park is Consumer pipeline and current owner intended to build an ATV park. Perfect opportunity for someone to convert over entirely to a campground! Close to Army base and could attract more homeowners if need be. Owner has 2 other parks to sell, inquire about expanding your investment! Land Contract terms available!
Location
Popular area for vacationers/campers with nearby Hiking, close to Hartwick State park and Au Sable river!
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 49 |
| Total Occupancy: | 18.5 % |
| Average MH Lot Rent: | $300 |
| Size: | 51 acre(s) |
Financial Information (Actual)
| Gross Income: | $27,720 |
| Operating Expense: | $24,979 |
| Net Operating Income: | $2,741 |
| Expense Ratio: | 90.1 % |
Lot Information
| Singlewide Lots: | 49 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |