Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 460284
- Posted On: Jul 25, 2014
- Updated On: Jul 30, 2015
Description
Great money maker!* On high volume traffic street bordering Michigan and Ohio*
Loads of potential* City water and sewer* Immediate income plus loads of potential for considerably more* Take advantage of this very lucrative opportunity!*
South of Sterns Rd on west side of Telegraph
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 40 |
| Year Built: | 1968 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $86,000 |
| Operating Expense: | $38,713 |
| Net Operating Income: | $29,000 |
| Expense Ratio: | 45.0 % |
Utility Information
| Water: | City |
| Sewer: | City |