Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Boat Launch
Photo of Boat Launch
Photo of Decks going to lake
Photo of Decks going to lake
Photo of lake front homes
Photo of lake front homes
Photo of Beach and Boat Docks
Photo of Beach and Boat Docks
Photo of Lake Front
Photo of Lake Front
Pool and Sport Court
Pool and Sport Court
Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Boat Launch
Photo of Decks going to lake
Photo of lake front homes
Photo of Beach and Boat Docks
Photo of Lake Front
Pool and Sport Court

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.0%
  • Listing ID: 101646
  • Posted On: Jul 17, 2011
  • Updated On: Dec 11, 2023

Description

Swan Lake is a beautiful property that has 2000 feet of frontage and is a spring fed all sports lake. The community rest on 40 +/- acres and has room for expansion of additional home sites or a campground which are in high demand as evidenced by an existing campground on Swan Lake and thier exceptionally high occupancy. This is a well maintained community with many amenities to include shuffle board,pickle ball, basketball,pool etc. and usually has a waiting list to get in. The current owner recently spent 100k to upgraded to a state of the art septic system. This is a must see community with lots of snowbirds, do not miss this opprotunity!

Want to know what your mobile home community is worth, click on this link and give us some general information about your Community and we will give you our proffesional opinion of what your community is worth on today's market.

LINK> http://remaxsignaturecommercial.com/a_16331-Value_your_Community_ReMax_Signature_Commercial_Division.html

Location

Swan Lake Drive, Allegan MI

Amenities

  • Storage
  • Pool
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 47
Total Occupancy: 99.0 %
Year Built: 1960
Average MH Lot Rent: $415
Size: 40 acre(s)

Financial Information (Actual)

Gross Income: $212,000
Operating Expense: $45,000
Net Operating Income: $166,000
Expense Ratio: 21.2 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0