Contact Information

Mobile Home Park Details

  • Price: $400,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.8%
  • Property ID: 875343
  • Posted On: Nov 3, 2017
  • Updated On: Dec 19, 2017

Property 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: 16.0 acre(s)

Financial Information (Actual)

Gross Income $95,000
Operating Expense $36,000
Net Operating Income $59,000
Expense Ratio 37.9 %
Debt Info

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

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