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Address is 1716 Lansing Road Charlotte, MI 48813

Luis Vazquez

Sperry Commercial

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Maple Knoll Mobile Home Park

Mobile Home Park for Sale in Charlotte, Michigan

1716 Lansing Road
Charlotte, MI 48813

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Sale Price: $895,000
 

Contact Information

Luis Vazquez
Sperry Commercial

Mobile Home Park for Sale

Number of MH Lots: 51
Size: 18.1 acre(s)
Status: Active
Property ID: 863315
Posted on: Sep 28, 2017
Updated on: Sep 28, 2017
Price: $895,000

Property Description

Maple Knoll MHP is a VALUE ADD OPPORTUNITY comprised of 51 lots and summarized as follows;
12.5 Cap Rate on Current 61% Occupancy!
7 Vacant Homes that are to transfer with the sell in decent condition and 2 New Homes that are available for sale
The property is in average condition with an Office and Laundry Room as well as a park play area. The asphalt roads are in average condition.

Location Description

Maple Knoll MHP is located on a high traffic street with immediate access to the Freeway with an exit/entry .just to the west of the property. Besides offering excellent street exposure, the property is just to the east of recent commercial/retail development that includes a Walmart Super Store, Goodwill, ATT, a car dealership and an Applebees Restaurant..

Park Information

Number of MH Lots:51
Total Occupancy:61.0%
Average MH Lot Rent: $330
Size:18.1 acre(s)

Utility Information

Water:Well
Sewer:City

Amenities and Other

Laundromat: Yes