Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.2%
- Listing ID: 864747
- Posted On: Oct 4, 2017
- Updated On: Jan 30, 2019
Description
Very clean and well maintained park, good pride of ownership. Seller has been very aggressive in getting rid of non paying tenants and now has a very stable tenant base. 19 miles from South Haven and 20 miles from Kalamazoo. Large amount of extra acreage. For financial information please visit our website at www.birchrealty.com, this will be listing #104 on our site. Feel free to contact us at stan1@birchrealty.com or 727-914-8729
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 59 |
| Total Occupancy: | 75.0 % |
| Average MH Lot Rent: | $290 |
| Size: | 40 acre(s) |
Financial Information (Actual)
| Gross Income: | $150,488 |
| Operating Expense: | $72,234 |
| Net Operating Income: | $78,254 |
| Expense Ratio: | 48.0 % |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |