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Address is 12700 Colby Lake Rd Laingsburg, MI 48848

Steve Raleigh

SVR Investments, LLC

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Moon Lake Mobile Home Community and RV Park

Mobile Home Community for Sale in Laingsburg, Michigan - Price Reduced!

12700 Colby Lake Rd
Laingsburg, MI 48848

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Sale Price: $800,000
 

Contact Information

Steve Raleigh
SVR Investments, LLC

Mobile Home Park for Sale

Number of MH Lots: 103
Size: 28 acre(s)
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 471028
Posted on: Sep 18, 2014
Updated on: Dec 10, 2017
Price: $800,000

Property Description

UPDATE DEC 2017: MAJOR PRICE REDUCTION WITH OWNER FINANCING UP TO 10 YEARS AT LOW CONVENTIONAL BANK RATES!!
ATTACHED BELOW IS "REVISED" OWNER FINANCING OPTIONS!!

UPDATE OCT 2017: INVESTORS / PARTNERS / LENDERS... SEE ATTACHED dated 10/17

UPDATE AUG 2017: SEE ATTACHED OWNER FINANCING AVAILABLE, (3) OPTIONS.

UPDATE NOV 2017: ALL 2" POLYVINYL UNDERGROUND NEW WATER LINES ARE COMPLETE. THE PARK IS NOW 100% NEW WATER PIPING TO EACH LOT...NO LEAKS!!!

UPDATE: SEPT 2016: All new pump (lift) station for campgrounds. Concrete, Structure, Electrical, Plumbing and new grinder pumps. Ready for use next year for seasonal camping!!

UPDATE: AUG 2016: An additional 7 homes demolished and removed. Only 3 homes remain to be demolished and removed in the entire park. To be completed before November.

UPDATE: AUG 2016: Half the park had new underground water lines installed 8 years ago. ALL schedule 80 PVC lines including risers. At this writing...the balance of the park is being fitted with new Black Polyvinyl 2" water lines and new risers and valves. This completes all underground water from the 2 brand new wells to all 103 spaces with new piping. NO LEAKS!!!

UPDATE: MAY 2016: 3 monitoring sample wells installed to reduce DEQ testing frequency and subsequent lab expense for WWTP.

UPDATE: APRIL 2016: One New 5 hp pump motor and One New 10 hp pump motor for new main and backup wells installed. All new pump contactors and controllers installed.

UPDATE: JUNE 2015: One 2002 single wide 2/2, 14' x 66' home completely furnished and installed. Occupied by owner.

UPDATE: MAY 2015: Two brand new 6" gravel wells, pumps and turbines installed

UPDATE: APRIL 2015: NEW ASPHALT ROADS COMPLETED (see photos).

STEPHENVRALEIGH@GMAIL.COM 508-280-5678

1) 103 permanent spaces plus 65 RV spaces surrounding Moon Lake.
2) Total overhaul to Waste Water Treatment Plant.
3) 2 new drinking water wells installed to meet all DEQ mandates. ZERO ARSENIC! DEQ inspections and approvals completed Aug 2014.
4) Removal of 62+ abandoned homes.
5) Renovations needed for the 5000 sq ft community building.
6) Strong housing demand. Six miles from Lansing, MI.
7) 8 Park Owned Homes.
8) Duplex rents $450 each side completely renovated 2014.
9) 14' x 18' Office, desks, chairs, computers and software systems in place.
10) New water and sewer meters installed on all homes. Paid by tenant.
11) Husband and wife managers live onsite.
12) Solid, long term tenants makeup current residents. 96% collection rate!
13) Average lot rent: $350.00.
14) Electricity, Gas, Cable, Trash, Pets, Water and Sewer by Tenant.
15) Expense rate: 38%.
16) Park is ready for new or used homes.
17) Current Financials available

Price is set for sale in current condition and occupancy. Price will increase with expansion of occupancy Summer 2018 (see update).

STEPHENVRALEIGH@GMAIL.COM 508-280-5678

Park Information

Number of MH Lots:103
Total Occupancy:22.0%
Year Built:1965
Average MH Lot Rent: $350
Size:28.0 acre(s)

Lot Information

Singlewide Lots:103

RV Information

Number of RV Lots:60

Utility Information

Water:Well
Water Paid By: Tenant - Individual Service
Sewer:Treatment Plant

Park-Owned Homes

Number of Park-owned Homes:6
Average Rent for Park-owned Homes: $100

Amenities and Other

Laundromat: Yes
Club House: Yes
Handicap Accessible: Yes