Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.0%
- Listing ID: 1394562
- Posted On: Feb 17, 2021
- Updated On: May 3, 2021
Description
Owner Occupied Park for Sale!
35 Owner Occupied Lots @ 360
1 Park Owned @ 560
2 Park Owned Vacant
14 Vacant Lots
In-Fill Opportunity!
Can Connect to City Water!
HAVE A PARK TO SELL?
Frank - BIRCH REALTY- 727-592-2418
Location
Near Kalamazoo, MI
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 52 |
| Total Occupancy: | 73.0 % |
| Year Built: | 1979 |
| Average MH Lot Rent: | $360 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $156,983 |
| Operating Expense: | $50,704 |
| Net Operating Income: | $106,279 |
| Expense Ratio: | 32.3 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $560 |
