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Address is 15717 Withers Rd Constantine, MI 49042

Jerry Bolock

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Camp Withers Trailer park

Mobile Home Community for Sale in Constantine, Michigan

15717 Withers Rd
Constantine, MI 49042

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Mobile Home Park for Sale

Number of MH Lots: 38
Size: 9 acre(s)
Cap Rate: 11.0%
Purchase Method: Cash, New Loan
Status: Sold
Property ID: 699254
Posted on: Aug 23, 2016
Updated on: Aug 28, 2017

Property Description

This is a old community that is a mixture of 38 sites for mobile homes, 2 Campers and 8 rustic cabins that are seasonal. The occupancy is 100% and the resident own there homes. This community is on septic and well There is room to expand the sites. The property has fishing docks for all homes and has 800 ft of frontage on the St Joe river. This is a seasonal community, May to Nov. A Rent increase for 2017is in place giving a increased in revenue of 9200 over 2016. The house that the owner called home can be purchased separately

Park Information

Number of MH Lots:38
Total Occupancy:100.0%
Year Built:1956
Average MH Lot Rent: $1,175
Size:9.0 acre(s)

Financial Information (Actual)

Gross Income$57
Operating Expense$25
Net Operating Income$32
Expense Ratio 43.9%
Debt Info

Lot Information

Singlewide Lots:35
Doublewide Lots:0
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:2
Average RV Lot Rent: $1,150

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:0
Average Rent for Park-owned Homes: $0