Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 8.0%
- Listing ID: 694080
- Posted On: Aug 4, 2016
- Updated On: Nov 16, 2016
Description
48 home site, 36 acres (8.81 acres zoned mobile home park), 1835 ft water frontage on the Huron River. single family home on site, 45' x 75' morton pole barn,
36' x 24' new sewer plant building with new sewer treatment plant.
Location
8035 South Huron River Drive in Berlin Township of Monroe County Michigan.
Two miles from W. Jefferson Ave and six miles east of highway #75.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 48 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $384 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $245 |
| Operating Expense: | $94 |
| Net Operating Income: | $142 |
| Expense Ratio: | 38.4 % |
Lot Information
| Singlewide Lots: | 43 |
| Doublewide Lots: | 5 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |