Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.8% (Actual)
- Listing ID: 875343
- Posted On: Nov 3, 2017
- Updated On: Apr 29, 2021
Description
Seller has focused on filling homes in the last year with the idea of Selling. New well as of 2008. Located 25 minutes from Ann Arbor and 20 minutes from Adrian. For financial information please visit our website at www.birchrealty.com, this will be listing #105. Feel free to contact us at stan1@birchrealty.com or 727-914-8729
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1975 |
| Average MH Lot Rent: | $280 |
| Size: | 16 acre(s) |
Financial Information (Actual)
| Gross Income: | $95,000 |
| Operating Expense: | $36,000 |
| Net Operating Income: | $59,000 |
| Expense Ratio: | 37.9 % |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $475 |