Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.0%
- Listing ID: 808069
- Posted On: Apr 30, 2017
- Updated On: Dec 11, 2023
Description
Two park package in very nice area of Michigan within an MSA of 50,000 plus.Great communities close enough for one manager to handle both. Lots of recent upgrades offer at a price to sell quick.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 95 |
| Total Occupancy: | 70.0 % |
| Average MH Lot Rent: | $275 |
Financial Information
| Gross Income: | $262,000 |
| Operating Expense: | $170,000 |
| Net Operating Income: | $89,000 |
| Expense Ratio: | 64.9 % |
Lot Information
| Singlewide Lots: | 96 |
RV Information
| Number of RV Lots: | 12 |
Utility Information
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $750 |
