typical lot
typical lot
River landing
Mobile Home Park Details
- Cap Rate: 9.5%
- Listing ID: 802098
- Posted On: Apr 10, 2017
- Updated On: Jun 30, 2017
Description
The manufactured home community was built in 1966.The property is 15.2 acres overlooking the Cass River just outside the city limits of Caro Michigan. We have 99 lots with asphalt streets and street lighting. Our water system is owned and operated by the park and sewer is discharged to the City of Caro. At this time, the park is approximately 65% occupied. Of this occupancy, 18 of the homes are owned and rented by the park.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 99 |
| Total Occupancy: | 65.0 % |
| Year Built: | 1966 |
| Average MH Lot Rent: | $258 |
| Size: | 15 acre(s) |
Financial Information (Actual)
| Debt Info: | Financial info available on request |
Lot Information
| Singlewide Lots: | 96 |
| Doublewide Lots: | 3 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $511 |