Typical Street View
Typical Singlewide
Community Clubhouse
Community Pool
Typical Street View of Community
Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Purchase Method: Cash, New Loan
- Cap Rate: 8.6%
- Listing ID: 106317
- Posted On: Oct 4, 2011
- Updated On: Jan 10, 2012
Description
MHRE Group is pleased to offer Brookhaven Estates, a 178 space all-age manufactured housing community, situated on 88.06 acres.
Amenities include a clubhouse, swimming pool, basketball court, 2 playgrounds and a recreational pond.
Future value includes an additional Phase IV, approved for 59 additional spaces.
Location
Brookhaven Estates is 36 miles Northeast of Grand Rapids, 46 miles Northest of Muskegon, and 181 miles Northwest of Chicago.
Amenities
- Pool
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 178 |
| Total Occupancy: | 56.7 % |
| Year Built: | 1996 |
| Average MH Lot Rent: | $318 |
| Size: | 88 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $458,324 |
| Operating Expense: | $300,147 |
| Net Operating Income: | $103,679 |
| Expense Ratio: | 65.5 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
