Creekview MHP

Greenville, Michigan

Property overview

Greenville can best be described as a peaceful, rural suburb of Grand Rapids that has an active arts, farming, and manufacturing community. Greenville is largely focused on recreation and leisure activities as it features 10 public parks sprawling over 147 acres. Each park is full of natural resources and features an assortment of amenities such as canoe, kayak, and tube rentals, hiking trails, playgrounds, tennis courts, and beaches.

MHRE Inc. is pleased to offer Creekview MHP for sale. The property is located in Greenville, Michigan bordering Interstate I-96, which is an east-west auxiliary interstate highway that within minutes will connect you to I-94 and I-75. Creekview is conveniently located right in between 127 and US- 131, just a 30 minute drive to Downtown Grand Rapids, and just an hour drive from Muskegon and the beautiful sandy beaches of Lake Michigan.

Creekview MHP
400 North Walnut
Greenville, Michigan 48838

For detailed information on this property please contact: Christopher Nortley (586) 884-8416.

Property Summary

Total Sites84
Year Constructed1971
Land (Acres) +20.157
Occupied Sites71
Vacant Sites13
Occupancy84.52%
Average Rent/Site$325
PRIMARY USEMHP
PROPERTY TYPEFamily
STAR CLASSIFICATION3
WATERMunicipal
SEWERMunicipal
WATER METER TYPESub-metered
SEWER METER TYPERUBS

OFFERING SUMMARY

Community Price$2,600,000
Community Owned Homes & Notes$0
Total Investment$2,600,000
Price per Site$30,952
Price Occupied per Site$36,620
Cap Rate - Year 1 (With Reserves)8.04%