Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.4%
- Listing ID: 1547538
- Posted On: Nov 11, 2021
- Updated On: Feb 15, 2022
Description
Mobile Home Park for sale in Developing West Branch, MI! Park is fully licensed for 37 Lots and has private utilities. Park is accessible to Home Owners, as well as RV sites. Park also owns 7 mobile homes that are rented out as well. Lot rent is currently $300 per month for homeowners, and $600 per month for renters. RV prices vary with seasons. Well- Maintained and ready for a new owner to take over and hit the ground running! 2 New Wells were installed in 2019. Located on the corner of M-76 and M-14, and a EZ commute to I-75. West Branch is growing with established businesses such as an Outlet Mall, Walmart and a New Meijers going in soon. Land Contract terms available. Owner has 3 Mobile home parks for sale.... Expand your investments and Inquire today!
Location
Located on the corner of M-76 and M-14, and a EZ commute to I-75. West Branch is growing with established businesses such as an Outlet Mall, Walmart and a New Meijers going in soon.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 37 |
| Total Occupancy: | 41.0 % |
| Average MH Lot Rent: | $300 |
Financial Information (Actual)
| Gross Income: | $59,160 |
| Operating Expense: | $21,206 |
| Net Operating Income: | $37,954 |
| Expense Ratio: | 35.8 % |
Lot Information
| Singlewide Lots: | 37 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $475 |