Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 456496
- Posted On: Jun 23, 2014
- Updated On: Jan 15, 2015
Description
" Great opportunity to purchase a stable 3 star community with upside within an attractive low density layout located in Jackson, MI.
" Community should qualify for a very attractive non-recourse loan at historically low rates.
" Tremendous upside potential to fill vacant sites. Park currently has strong demand from potential tenants but few homes to accommodate them.
" Recourse agreement in place with 21st Mortgage that must be assumed by new buyer (22 Occupied 21st homes currently in place).
" Outstanding amenity package that includes a clubhouse with a fitness center, a pool and a basketball court.
" Offering includes 76 inventory homes offered at cost and 4 home notes offered at the current balance.
Location
" Sherman Oaks is conveniently located just 15 minutes from downtown Jackson, MI and 30 minutes from the Waterloo State Recreation Area, which boasts four campgrounds, 11 fishing lakes, horseback riding trails and nearly 50 miles of hiking trails.
" The property lies less than 40 minutes away from the Michigan International Speedway - the fastest NASCAR track and venue of the NASCAR Sprint Cup.
" Lansing, the state capital of Michigan, is a short 30 minute drive away, and features a multitude of museums, theaters, parades and a zoo.
" Ann Arbor is just 40 miles to the East, home of the University of Michigan' s main campus.
" Entertainment and shopping are nearby with the Airport Lanes bowling alley, the Michigan Theatre of Jackson, and two major shopping malls including Jackson Crossing, home to Sears, Target, Kohl' s, Toys R Us, Best Buy, TJ Maxx and Bed Bath & Beyond.
" Several major employers in Jackson include CMS Energy, which provides electricity to most of Michigan, Allegiance Health, which employs 3,700, Consumers Energy, which employs 2,400 and Cooper Street Correctional Facility.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 366 |
| Average MH Lot Rent: | $452 |
| Size: | 108 acre(s) |
