Contact Information

Mobile Home Park Details

  • Price: $1,150,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.1%
  • Property ID: 431516
  • Posted on Apr 8, 2014

Property Description

Park is mainly tenant owned homes with some homes sold on contract. With an acceptable offer Seller may be willing to carry a small second mortgage. For financial information please visit us at www.birchrealty.com, or feel free to contact us at 248-740-9490 or stan1@birchrealty.com.

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Park Information

Community Type: All Age
Number of MH Lots: 52
Total Occupancy: 82.0 %
Average MH Lot Rent: $250
Size: 10.0 acre(s)

Financial Information (Actual)

Gross Income $169,104
Operating Expense $64,260
Net Operating Income $104,845
Expense Ratio 38.0 %
Debt Info

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 9

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