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Todd Fletcher

ARA MHC Group

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Parkwood Village MHC

Mobile Home Park for Sale in Burt, Michigan

Sale Price: $490,000

Contact Information

Todd Fletcher
ARA MHC Group

Mobile Home Park for Sale

Status: Sale Pending
Property ID: 892275
Posted on: Jan 09, 2018
Updated on: Jun 19, 2018
Price: $490,000

Property Description

Opportunity to acquire a 98-site all age community just south of Saginaw, MI at an extremely attractive basis well below replacement cost.
• Tremendous value-add potential to continue filling sites as the property is only 24.5% occupied with three park-owned homes.
• Motivated Seller so bring all offers. Pricing is on a per-site basis offered well below replacement cost at only $5k per lot.
• Within a five-mile radius of the community the median household income is greater than $50,000 and projected to rise to over $56,000 by 2022. Median home values are currently at $120,181 and projected to rise to $158,245 by 2022.
• Healthcare jobs continue to rise in the region and the area is home to nearly 600 health care providers including major hospitals such as Covenant HealthCare, St. Mary’s of Michigan, and Aleda E. Lutz VA Hospital.