Contact Information
Stan Maxwell
Mobile Home Park Details
- Price: $2,995,000
- Purchase Method: Cash
- Cap Rate: 5.5% (Actual)
- Listing ID: 6998937
- Posted On: Dec 16, 2025
- Updated On: Jan 22, 2026
Description
Total Acres: 75
Total Sites: 135
Owner Occupied: 11 @ $500
Rentals: 18 @ $1,000
Vacant lots: 72 w/ pads
Vacant homes: 31
13 of the vacant homes are ready to rent right now. 15 just need a cleaning crew. And 3 of the vacant homes just need minor repairs to floorboard.
Income is $204,000
Last 4 years has been $350,000+
Additional unique amenities:
-3,000 square foot commercial building on Saginaw Highway
-Four bedroom stick build home that is used for an office currently
-12 Travel Trailer lots up front
-40 x 70 Pole Barn
-10 Storage Units in the central storage building
-Two Lamar highway signs leasing space ($3,000 a year)
-Two apartments and one bar room
-Three other storage buildings
-25 acres along exit 13 off of I-475
-Approximately 1,000 feet of Commercial Frontage on exit and Saginaw Highway
Amenities
- Club House
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 135 |
| Total Occupancy: | 39.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $500 |
| Size: | 75 acre(s) |
Financial Information (Actual)
| Gross Income: | $204,000 |
| Operating Expense: | $38,924 |
| Net Operating Income: | $165,076 |
| Expense Ratio: | 19.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $1,000 |
