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Address is 18500 Northland Dr Big Rapids, MI 49307

Cliff Wellman

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Country Manor Estates

Multi Family Housing for Sale in Big Rapids, Michigan

18500 Northland Dr
Big Rapids, MI 49307

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Sale Price: $2,325,000

Contact Information

Cliff Wellman

Mobile Home Park for Sale

Number of MH Lots: 76
Size: 21 acre(s)
Cap Rate: 9.0%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 825268
Posted on: Jun 22, 2017
Updated on: Dec 22, 2017
Price: $2,325,000

Property Description

This is the nicest manufactured home community in the area and was built in 1996. The property has 21 acres just north of Big Rapids, Michigan. There are 76 lots, with 58 homes (all occupied). All newer homes. City Sewer and park owned water system. Two wells, one was redone in 2015. Great water. Asphalt streets and street lighting. All homes have off street parking.

Park Information

Number of MH Lots:76
Total Occupancy:76.0%
Year Built:1996
Average MH Lot Rent: $377
Size:21.0 acre(s)

Financial Information (Actual)

Gross Income$352,536
Debt InfoFinancial info available on request

Lot Information

Singlewide Lots:38
Doublewide Lots:38

Utility Information

Water Paid By: Tenant - Individual Service

Park-Owned Homes

Number of Park-owned Homes:28
Average Rent for Park-owned Homes: $438