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Address is 817 N Clinton Grand Ledge, MI 48837

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Imperial mobile home park

Mobile Home Community for Sale in Grand Ledge, Michigan

817 N Clinton
Grand Ledge, MI 48837

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Mobile Home Park for Sale

Number of MH Lots: 162
Size: 25 acre(s)
Purchase Method: Cash, New Loan
Status: Sold
Property ID: 400138
Posted on: Sep 07, 2013
Updated on: Mar 12, 2014

Property Description

Approx. 120 sites occupied with 162 available .approx. 40 sites vacant giving plenty of room to add additional units .2 br apt. with office space and a laundry attached .Asphalt roads and in a prime location near one of the largest GM plants in the country

Park Information

Number of MH Lots:162
Total Occupancy:75.0%
Year Built:1960
Average MH Lot Rent: $300
Size:25.0 acre(s)

Financial Information (Actual)

Gross Income$421,000
Operating Expense$87,535
Net Operating Income$333,448
Expense Ratio 20.8%
Debt Info

Utility Information

Water Paid By: Tenant - Individual Service

Park-Owned Homes

Number of Park-owned Homes:30
Average Rent for Park-owned Homes: $300

Amenities and Other

Laundromat: Yes
Storage: Yes