typical lot
typical lot
typical lot
typical lot
River landing
River landing
typical lot
typical lot
River landing

Mobile Home Park Details

  • Cap Rate: 9.5%
  • Listing ID: 802098
  • Posted On: Apr 10, 2017
  • Updated On: Jun 30, 2017

Description

The manufactured home community was built in 1966.The property is 15.2 acres overlooking the Cass River just outside the city limits of Caro Michigan. We have 99 lots with asphalt streets and street lighting. Our water system is owned and operated by the park and sewer is discharged to the City of Caro. At this time, the park is approximately 65% occupied. Of this occupancy, 18 of the homes are owned and rented by the park.

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Park Information

Community Type: All Age
Number of MH Lots: 99
Total Occupancy: 65.0 %
Year Built: 1966
Average MH Lot Rent: $258
Size: 15 acre(s)

Financial Information (Actual)

Debt Info: Financial info available on request

Lot Information

Singlewide Lots: 96
Doublewide Lots: 3

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 18
Average Rent for Park-owned Homes: $511