Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 1542428
- Posted On: Oct 25, 2021
- Updated On: Jan 24, 2022
Description
Country Holiday Estates MHC is a quiet community with many long term residents. 48 homes are TOH with 4 brand new POH that are currently rented at $925 per month. There are 7 Empty Lots which can be filled as there is a high demand. By end of 2022, lot rent will increase to $400.
Overall the community is 100 percent occupied with current inventory. Demand is strong. Bring in a few more homes to really Cash Flow. Great Investment for first time buyer or Expand your Portfolio. Onsite Management.
Park Highlights:
59 spaces
Lot rent currently $350-375
Low Taxes
Low Expenses
Private Water and Sewer
Professionally Managed
Owner Financing
Additional Lots Possible
Text Matt for additional details
586-260-9000
Location
1000 ft Road Frontage on Main Highway North of Paw Paw, MI
Amenities
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 59 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $375 |
| Size: | 35 acre(s) |
Financial Information (Actual)
| Gross Income: | $245,000 |
| Operating Expense: | $50,000 |
| Net Operating Income: | $190,000 |
| Expense Ratio: | 20.4 % |
Lot Information
| Singlewide Lots: | 59 |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $925 |