33 Acre Mobile Home Park located in Flint, MI. 212 pads, on public water and sewer. NOI in place is $184,000, with significant upside to increase occupancy levels.

This park was taken through a foreclosure following several years of mis-management, and has been stabilized and is now growing again. It is fully managed and operated by onsite management team who reside on the property. Current ownership has made significant investment over the past 2 years in infrastructure, equipment, office setup, security, training and computer and software systems which allow the park to run smoothly and more efficiently. Property taxes have been reduced to be inline with the actual value and asking price of the community.

Note that there is significant upside to this offering, with ability to sell additional park owned homes.

This is a confidential offering, please DO NOT visit the community or talk to any residents or park management. Please direct all questions to the seller at the number on this listing. Confidentiality agreement is required prior to distributing the offering package.

33 level acres in or around Flint, MI. Significant upside to this confidential offering.