Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Multi Family Housing
Photo of Mobile Home Community
Photo of Land Lease Community
Photo of Multi Family Housing
Photo of Land Lease Community
Photo of Mobile Home Community
Photo of Mobile Home Parks
Photo of Land Lease Community
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.0%
- Listing ID: 377854
- Posted On: Jun 12, 2013
- Updated On: Oct 1, 2013
Description
Licensed for 48 sites. Lot rent includes city water, city sewer & trash pickup. Nice curb appeal. Good pride of ownership. Price includes 4 car garage and a 2 bedroom apartment. Excellent proximity to shopping and major highway. Mobile home inventory and homes sold on contract included. This property is priced to sell. Principals only please.
Contact information:
Steve Ureel
(248) 601-8400 ext. 22
sureel@webuyparks.com
Scott Gurnsey
(248) 601-8400 ext. 23
sgurnsey@webuyparks.com
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 67.0 % |
| Average MH Lot Rent: | $250 |
| Size: | 7 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $100 |
| Operating Expense: | $47 |
| Net Operating Income: | $53 |
| Expense Ratio: | 47.0 % |
Lot Information
| Singlewide Lots: | 39 |
| Doublewide Lots: | 3 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 8 |
| Average Rent for Park-owned Homes: | $220 |
