All Age Community. 45 Licensed Sites.
42 occupied with single wide units. 4 unit apartment building. City water and sewer. The park bills back all water and sewer as they are submetered.
Electric billed directly to tenants. Many opportunities for employment nearby including Ford, Romulus Airport, Walmart, Home Depot and a new Amazon fulfillment center. Manager and maintenance on site. Ability to raise rents to market rates and add 3 units for increased cash flow. 27 Park Owned Homes. 15 Tenant Owned homes.
Present owner has owned the park for over 4 years and has been steadily renovating homes with new paint, flooring, appliances, and furnaces where needed. Most of the major renovations have been completed so a new owner should be able to significantly reduce maintenance costs.
The sale also includes the land to the west of the park. The opportunity might exist to relocate some of the sites to this land to give the opportunity to bring larger homes into the park.