Photo of Manufactured Home Community
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 14.0%
- Listing ID: 123328
- Posted On: Mar 15, 2012
- Updated On: Dec 11, 2023
Description
Mobile Home Community with 3 residentail homes adjacent lot offers the right investor the opprotunity to double the community size and the demand for more affordable housing is increasing as the community is only 5 minutes from downtown.For more information please call (313)469-0951 Ext 23
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 83.0 % |
| Average MH Lot Rent: | $250 |
Financial Information (Actual)
| Gross Income: | $42,600 |
| Operating Expense: | $10,671 |
| Net Operating Income: | $31,929 |
| Expense Ratio: | 25.0 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $35 |
