Properties for Sale

# 108 - Southwest, Michigan, United States

Basic Details
Property Type : Mobile Home Community
Age of Community : 40 Years
Ref ID : # 108
Owner Occupied : 34
Price : $1,100,000
Number of Vacant Lots : 3
Total Number of Sites : 42
Rentals : 5
Listing Type : For Sale
Number of Vacant Units : 2
Unused Acres : 17
Number of Undeveloped Lots : 0
Address Map
Country : US
State : MI
City : Southwest
Property Description

Community Information
Total Acres: 17
Unused Acres: 0
Traditional Occupancy Rate: 75%-90%
Is Manager Onsite: No but Maintenance is
Number of Entrances to Park: 1
Average Lot Size: 40×120.

Rental Information
Owner Occupied Rent: $325
Rental Unit Rent: $450-$750
Collection Rate: 90%
Last Rent Increase: July 2017
For How Much: $10

Utilities & Infrastructure Information
Type of Water: Well
Individual Meters: –
Type of Sewer: New Septic system in 2017
Individual Meters: –
If So Who Reads and Bills: –
Who Owns the Lines: Park
Type of Roads: Asphalt
Who Maintains Roads: Park
On/Off Street Parking: Off
Electric Provider: Midwest Energy
Amp Service: 100
Natural/Propane Gas: Natural

Amenities & Pride of Ownership Info
Average Age of Homes: 25 Years
Group Mailboxes: Yes
Club House: No
Play Ground: No
Laundry: No
Mature Trees: No
Basketball Courts: No
Park Rating: B-

Makeup of Area
Where Tenants Work:
Largest Employer:
Population: City- $7,800, County 61,000
Comments: New septic system installed in 2017, new pumps and tanks installed in 2016 for the well system. Mainly tenant owned homes with stable occupancy. Good metro, half hour south of Kalamazoo.