Crystal Lake Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30499326
Property Subtypes: Mobile Home Park
Number of Units: 47 Units
Building Size (RSF): 47 SF
Gross Building Area: See Agent
Gross Land Area: 4.40 Acres
Sale Price: $1,385,000
Unit Price: $29,468.09 Per Unit
Property Use Type: Investment
Building Name: Crystal Lake Mobile Home Park
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2019

Overview / Comments

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!

Additional Details

Nearest MSA: Traverse City
County: Benzie
Taxing Authority: Benzonia Township
Tax ID/APN: 02-504-026-00
Zoning: RESIDENTIAL
Total Number of Buildings: 37
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,639 4,040
Median Age: 51.61 53.15
Households: 710 1,812

Contact

Photograph of Listing Agent

Joe Rizqallah

Signature Associates
CARWM Member
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