$ 2,970,000.00

20 Powell Street, Battle Creek, MI 49014
  • Date added: 09/10/19
  • Type:
  • Year built: 1960
  • Spaces: 105
  • Vacant Spaces: 22
  • Utilities: City Water, City Sewer
  • Price Per Space: $ 28,286.00

Description

Beautiful 3-star park next to a forest preserve, minutes from shopping, major area employers, and schools. Park includes a few duplex/quadplex apartment units and an office building. There is a great up side with filling vacant sites. Local programs to help finance new homes are readily available and there are no rent control measures. Owner has owned Oak Forest for many years and is selling so that they might be more strategic with their overall MHP portfolio. The management, oversight, and maintenance has been, and continues to be, excellent. The collections strong and residents have been screened. The new owner is getting a good property with no collection or resident problems. There are ten park owned homes (9-occupied, 1-vacant). There is $277,000 in effective gross lot rent collected (annually), this does not include income from home rentals or sales. Streets are in average condition and are asphalt. City Water and City Sewer, which is submetered and billed back to residents. Tenant owned homes are mostly older single sections.

Click Here for available due diligence, and select documents or see below.

OAK P&L 10.18 to 10.19

OAK RENT ROLL NOV 2019

OAK OCT 2019 RENT ROLL

OAK SEPT 2019 RENT ROLL

OAK RENT ROLL 6.27.19

OF 5.23.19 RENT ROLL

OF 2018 P& L

OF P&Ls

OF RE Taxes

OF home for sale ad 2

OF Home for sale ad 1

Oak Forest Lease

OAK Forest Rules and Regulations

Commercial-Trade-Area-Report_Battle-Creek-MI

Battle Creek, Michigan – Wikipedia

OF gis

OF flood map

OF Assessor Pages

OF MH Village Park webpage

OF RE Tax Assessment

 

Powered by Estatik