MOBILE HOME PARK; OVER 14% ROI

Benzonia, MI (Benzie County)

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Asking Price: $1,385,000

Established: N/A

MOBILE HOME PARK; OVER 14% ROI

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Asset Sale Description

First-Time on the market, this beautiful 4.40 acre mobile home park is for sale. Rare find, the property houses 47 lots, with 37 currently occupied and being rented. Property has paved roadways throughout the park and has excess land for expansion. This park is situated along Crystal Lake, less than 8 miles from Lake Michigan and has easy access from M-115 and US-31. Property has total gross revenue of $139,321.00 annually. As is financed: 14.18 ROI. Lot Rent to increase to $325 in 2020!

Detailed Information

Location:
Benzonia, MI
Facilities:
There are a total of 47 lots available at Crystal Lake Mobile Home Park with 37 homes currently occupied.
Financing:
Cash or Financed Only
Support & Training:
Yes
Reason for Selling:
1031 Exchange Opportunity
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Contact the Seller

(from currently available funds)
 
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Joe Rizqallah

Asset Sale Listed By:
Joe Rizqallah

Signature Associates

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Sponsoring Broker:
Mark Woods

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