Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 471028
- Posted On: Sep 18, 2014
- Updated On: Jun 18, 2018
Description
UPDATE DEC 2017: MAJOR PRICE REDUCTION WITH OWNER FINANCING UP TO 10 YEARS AT LOW CONVENTIONAL BANK RATES!!
ATTACHED BELOW IS "REVISED" OWNER FINANCING OPTIONS!!
UPDATE OCT 2017: INVESTORS / PARTNERS / LENDERS... SEE ATTACHED dated 10/17
UPDATE AUG 2017: SEE ATTACHED OWNER FINANCING AVAILABLE, (3) OPTIONS.
UPDATE NOV 2017: ALL 2" POLYVINYL UNDERGROUND NEW WATER LINES ARE COMPLETE. THE PARK IS NOW 100% NEW WATER PIPING TO EACH LOT...NO LEAKS!!!
UPDATE: SEPT 2016: All new pump (lift) station for campgrounds. Concrete, Structure, Electrical, Plumbing and new grinder pumps. Ready for use next year for seasonal camping!!
UPDATE: AUG 2016: An additional 7 homes demolished and removed. Only 3 homes remain to be demolished and removed in the entire park. To be completed before November.
UPDATE: AUG 2016: Half the park had new underground water lines installed 8 years ago. ALL schedule 80 PVC lines including risers. At this writing...the balance of the park is being fitted with new Black Polyvinyl 2" water lines and new risers and valves. This completes all underground water from the 2 brand new wells to all 103 spaces with new piping. NO LEAKS!!!
UPDATE: MAY 2016: 3 monitoring sample wells installed to reduce DEQ testing frequency and subsequent lab expense for WWTP.
UPDATE: APRIL 2016: One New 5 hp pump motor and One New 10 hp pump motor for new main and backup wells installed. All new pump contactors and controllers installed.
UPDATE: JUNE 2015: One 2002 single wide 2/2, 14' x 66' home completely furnished and installed. Occupied by owner.
UPDATE: MAY 2015: Two brand new 6" gravel wells, pumps and turbines installed
UPDATE: APRIL 2015: NEW ASPHALT ROADS COMPLETED (see photos).
STEPHENVRALEIGH@GMAIL.COM 508-280-5678
1) 95 permanent spaces plus 65 RV spaces surrounding Moon Lake.
2) Total overhaul to Waste Water Treatment Plant.
3) 2 new drinking water wells installed to meet all DEQ mandates. ZERO ARSENIC! DEQ inspections and approvals completed Aug 2014.
4) Removal of 62+ abandoned homes.
5) Renovations needed for the 5000 sq ft community building.
6) Strong housing demand. Six miles from Lansing, MI.
7) 8 Park Owned Homes.
8) Duplex rents $450 each side completely renovated 2014.
9) 14' x 18' Office, desks, chairs, computers and software systems in place.
10) New water and sewer meters installed on all homes. Paid by tenant.
11) Husband and wife managers live onsite.
12) Solid, long term tenants makeup current residents. 96% collection rate!
13) Average lot rent: $350.00.
14) Electricity, Gas, Cable, Trash, Pets, Water and Sewer by Tenant.
15) Expense rate: 38%.
16) Park is ready for new or used homes.
17) Current Financials available
Price is set for sale in current condition and occupancy. Price will increase with expansion of occupancy Summer 2018 (see update).
STEPHENVRALEIGH@GMAIL.COM 508-280-5678
Location
12700 Colby Lake Rd
Laingsburg, MI 48848
Amenities
- Laundromat
- Storage
- Club House
- Handicap Accessible
Park Information
Community Type: | All Age |
Number of MH Lots: | 95 |
Total Occupancy: | 22.0 % |
Year Built: | 1970 |
Average MH Lot Rent: | $350 |
Size: | 28 acre(s) |
Lot Information
Singlewide Lots: | 95 |
RV Information
Number of RV Lots: | 58 |
Average RV Lot Rent: | $25 |
Utility Information
Water: | Well |
Water Paid By: | Tenant - Individual Service |
Sewer: | Treatment Plant |
Park-Owned Homes
Number of Park-owned Homes: | 8 |
Average Rent for Park-owned Homes: | $100 |