Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Purchase Method: Cash
- Listing ID: 1623207
- Posted On: Mar 13, 2022
- Updated On: Jun 13, 2022
Description
Up for sale is a distressed park in need of an owner who can do a large turnaround project.
This park has a large balance due to the city for back taxes and unpaid water bills. The approximate amount is $130K total. The new owner will have to either absorb this liability or pay it off in escrow.
This is a 30 site community with 7 occupied homes and only 3 paying rent. 15 other lots have homes but more than likely need to be demolished. The last 10 lots are vacant with no homes on them.
The park is serviced by city sewer and water. There is also utilities at the empty lots.
Location
Located in Michigan’s Western Upper Peninsula. Located on busiest side street in the county. Ironwood Mobile Home Park is a 30 site Community that offers wide roads and lots that will accommodate 14 x 70's and 16 x 80's. Park is serviced by Natural Gas, City Water and City Sewer with individual meters. The roads are asphalt and in fair shape. There are some carports and all lots have 2 Car Off-street parking.
There is also a nice 30x60 Block building that previously was used as a Laundromat. It is directly fronting the road. This building would be a nice apartment.
This 4 acre park is located a few blocks away from stores like K-Mart, McDonalds, Kentucky Fried Chicken, Downtown Ironwood Business District, and a Community College. A snow plow truck is also
This 4 acre park is located a few blocks away from stores like K-Mart, McDonalds, Kentucky Fried Chicken, Downtown Ironwood Business District, and a Community College. Park is located 2 hours east of Duluth, MN and 4 hours north of Green Bay. Area is famous for snowmobiles, fishing, skiing, and outdoor activities.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 23.0 % |
| Average MH Lot Rent: | $135 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |