• Sturgis Mobile Home Park - 960 W Chicago Rd, Sturgis, MI 49091

For Sale

Office
Multi-Family

For Sale

This property is available for sale
2.3
Acres
$1,000,000
Sale Price
  • Year Built
    1970
  • Overview

    -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.

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Property Details

-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.

  • Property Type
    Office, Multi-Family
  • Year Built
    1970
  • Sale Price
    $1,000,000
  • Total Acres
    2.3
  • Cap Rate
    10.0%
  • Sale Status
    Available
  • Last updated
    Nov 24, 2021
  • Property ID
    1807638

Landlord's Sales Representatives

  • jeff@deltagroupllc.com
     
  • Emanuel Grivas
     
  • Tanner@deltagroupllc.com