Midwestern Mobile Home Park For Sale
The total park has 590 lots.
Located in a Midwestern State (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI). The state shown is representative of a Midwestern State only. Inquire to find out the actual state that this mobile home park is located in.
In 2014, this park was about 85% occupied and it was under contract for $56,000,000.
Currently the park is 67% occupied with 400 homes in place.
Approximately 189 Park Owned Homes and 211 owner occupied homes.
Currently the owner has stopped the waiting list at fifteen prequalified tenants.
The ownership is willing to lease the 400 lots back for five years with an option for an additional five years.
Provided the owner manages the property, the owner will do the lease back and give a purchaser First Right of Refusal on the POH and the additional vacant lots.
The owner would also be open to a sale of the entire park.
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.