Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 13.1%
- Listing ID: 513686
- Posted On: Mar 18, 2015
- Updated On: Jul 13, 2016
Description
Motivated Seller, Seller is finishing the metering of water/sewer. All tenant owned homes. For more information please visit our website at www.birchrealty.com, this will be listing #115 on our site. Feel free to contact us at stan1@birchrealty.com or 248-740-9490
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 48 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1965 |
| Average MH Lot Rent: | $305 |
Financial Information (Actual)
| Gross Income: | $131,760 |
| Operating Expense: | $56,657 |
| Net Operating Income: | $75,103 |
| Expense Ratio: | 43.0 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |