Contact Information
Larry Gotcher
Resource Realty Group
Resource Realty Group
Mobile Home Park Details
- Price: $995,000
- Listing ID: 5390987
- Posted On: Apr 24, 2024
- Updated On: May 1, 2024
Description
Value Add Opportunity!!!
Mobile Home Park in desirable Grayling available for sale!
Licensed for 49 Lots, with only 9 lots currently occupied with long standing tenants. Lots have their own private utilities. This park is open for homeowners as well as RV sites.
With the number of approved lots, existing tenants and 50 extra acres available there is so much value-add opportunity with this property. Perfect for the right visionary!
Location
Popular area for vacationers/campers with nearby Hiking, close to Hartwick State Park and Au Sable River. Adjacent to one of the largest military bases.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 49 |
| Total Occupancy: | 18.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 65 acre(s) |
Financial Information
| Gross Income: | $41,021 |
| Operating Expense: | $19,856 |
| Net Operating Income: | $21,165 |
| Expense Ratio: | 48.4 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |