Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 11.2%
- Listing ID: 517389
- Posted On: Apr 17, 2015
- Updated On: Apr 29, 2021
Description
Motivated Sellers, strong historical occupancy. 1 Stick Built Home goes with park. Willing to look at seller financing. For financial information please visit our website at www.birchrealty.com, this will be listing #307 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: | 20 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $285 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $82,620 |
| Operating Expense: | $44,000 |
| Net Operating Income: | $38,620 |
| Expense Ratio: | 53.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |