Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.1%
- Listing ID: 431516
- Posted On: Apr 8, 2014
- Updated On: Apr 29, 2021
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 acre(s) |
Financial Information (Actual)
| Gross Income: | $169,104 |
| Operating Expense: | $64,260 |
| Net Operating Income: | $104,845 |
| Expense Ratio: | 38.0 % |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Treatment Plant |