Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Listing ID: 982591
- Posted On: Aug 23, 2018
- Updated On: Feb 24, 2020
Description
Elms Mobile Home Park
2801 S. Dort Highway
Flint, Michigan 48507
Large past due property tax/ water lien some of which is due April 1st. Approx 450,000. Limited financial information. Must sell. Send email to receive information.
Recent foreclosure Distressed 200+ unit Mobile Home Park. Needs complete rehab. $10,000 /month rental income recently. Huge potential. Has 25 to 30 tenants.
• LICENSED FOR 325 SITES
• INCLUDES CLUBHOUSE, OFFICE BUILDING AND WORKSHOP
• INCLUDES 60+ PARK OWNED HOMES
• CITY WATER AND SEWER
• LARGE LOTS
• PLENTY OF DEMAND FOR MOBILE HOMES
• UPSIDE FOR TURNAROUND INVESTORS
• OFFICE BUILDING IN EXCELLENT CONDITION
• NEARLY 30 ACRES
Amenities
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 200 |
Year Built: | 1960 |
Average MH Lot Rent: | $500 |
Size: | 30 acre(s) |
Lot Information
Singlewide Lots: | 200 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 60 |
Average Rent for Park-owned Homes: | $450 |