Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.8%
- Listing ID: 831216
- Posted On: Jul 10, 2017
- Updated On: Oct 27, 2017
Description
This is a 55+ MHP with all tenant owned homes. New natural gas lines in 2015, also a brand new sewer treatment plant along with sewer lines. Half our from Columbus. For financial information please visit our website at www.birchrealty.com, this will be listing #204 on our site. Feel free to contact us at 248-740-9490 or stan1@birchreatly.com
Amenities
- Storage
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 41 |
| Total Occupancy: | 84.0 % |
| Average MH Lot Rent: | $300 |
Financial Information (Actual)
| Gross Income: | $135,000 |
| Operating Expense: | $41,000 |
| Net Operating Income: | $94,000 |
| Expense Ratio: | 30.4 % |
Lot Information
| Singlewide Lots: | 41 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |