-Located in Sturgis, Michigan (Southern end of MI) -Metro containing approximately 60,000 people -Median home price north of $150k -This is the only park within Sturgis city limits, so demand is very high. -45 minutes from Elkhart - a city 52,000 people -1 hour from Kalamazoo - a city with 76,000 people Sturgis Mobile Home Park is a fantastic turn-key park with city water and sewer. This offering features 20 sites, all of which are tenant owned homes with lot rents of $375/mo (increasing to $400 in the near future). As the park currently sits, it is 100% occupied with city utilities that are submetered and billed back to the tenants. The park has paved roads, and even a playground for children, creating a sense of family and community amongst the residents. The current owner has spent a lot of time and money stabilizing the property, making it a perfect low-risk turnkey asset, with no headaches or major work required.
-Located in Sturgis, Michigan (Southern end of MI) -Metro containing approximately 60,000 people -Median home price north of $150k -This is the only park within Sturgis city limits, so demand is very high. -45 minutes from Elkhart - a city 52,000 people -1 hour from Kalamazoo - a city with 76,000 people Sturgis Mobile Home Park is a fantastic turn-key park with city water and sewer. This offering features 20 sites, all of which are tenant owned homes with lot rents of $375/mo (increasing to $400 in the near future). As the park currently sits, it is 100% occupied with city utilities that are submetered and billed back to the tenants. The park has paved roads, and even a playground for children, creating a sense of family and community amongst the residents. The current owner has spent a lot of time and money stabilizing the property, making it a perfect low-risk turnkey asset, with no headaches or major work required.
