Properties for Sale

# 105 - Southern, Michigan, United States

Basic Details
Property Type : Mobile Home Community
Age of Community : 40 Years
Owner Occupied : 16
Price : $500,000
Number of Vacant Lots : 4
Rentals : 8
Listing Type : For Sale
Number of Vacant Units : 1 + 1 Office
Address Map
Country : United States
State : Michigan
City : Southern
Financials
Property Description

Community Information
Total Acres: 10
Unused Acres: 6
Traditional Occupancy Rate: 75%
Is Manager Onsite: No
Number of Entrances to Park: 2
Average Lot Size: 25×70

Rental Information
Owner Occupied Rent: $280
Rental Unit Rent: $450-$520
Collection Rate: 95%
Last Rent Increase:
For How Much:

Utilities & Infrastructure Information
Type of Water: Well
Individual Meters: –
Type of Sewer: Treatment Plant
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: On And Off
Electric Provider: Consumers
Amp Service: 100
Natural/Propane Gas: Natural

Amenities & Pride of Ownership Info
Average Age of Homes: 20-30 Years
Group Mailboxes: Yes
Club House: No
Play Ground: No
Laundry: No
Mature Trees: Yes
Basketball Courts: No
Park Rating: C+

Makeup of Area
Where Tenants Work: Many senior tenants
Largest Employer:
Population: City- $23,000, County 98,000
Comments: Seller has focused on filling homes in the last year with the idea of Selling. New well as of 2008. Located 25 minutes from Ann Arbor and 20 minutes from Adrian.