Mobile Home & Apartment
For Sale
Contact for pricing
Pending
3460 47th St, Hamilton, MI 49419
Riverview MHC offers 49 mobile home sites and 13 apartment units on approximately 23 acres with well water and septic sewer.
Property SizeContact for details
Lot Size23.00 Acres
Days on Market148
Property Features for 3460 47th St
General Information
Standard status
Pending
Lot size
23.00 Acres
Property subtype
Mobile Home Park
Occupancy
94%
Financials
Cap Rate
7.5%
Business Included
Yes
Additional Details
Multifamily Units
13
Building Details
Tenancy
Multi
Listing Agency:
Wisely Commercial Realty
Listed By:
Adam McNeil · License #IN RB16000684
(317) 758-5032
Source:
Crexi
Added: Apr 11
Changed: Aug 25
Last Checked: Sep 5 at 1:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wisely Commercial Realty
Investment Insights
Based on property information with market context.
Riverview MHC is a mobile home and apartment community located in Hamilton, Michigan, situated on approximately 23 acres of relatively flat topography. The community contains 62 total sites, including 49 mobile home spaces and 13 apartment units. Service is supported by well water and septic for sewer. Current operations include a sorting process for residents who became delinquent during COVID, with October rent roll details and manager comments available in the DD vault.
Riverview is located on the west side of Hamilton. The property is approximately 15 minutes southeast of Holland and about 20 minutes to Lake Michigan.
For prospective buyers, the unit mix is designed to accommodate both mobile home tenants and apartment residents, with an indicated occupancy rate of 94% (58) and in-place NOI of $148,924 as provided in the offering summary.
Riverview is located on the west side of Hamilton. The property is approximately 15 minutes southeast of Holland and about 20 minutes to Lake Michigan.
For prospective buyers, the unit mix is designed to accommodate both mobile home tenants and apartment residents, with an indicated occupancy rate of 94% (58) and in-place NOI of $148,924 as provided in the offering summary.
Key Highlights
- Riverview MHC in Hamilton, Michigan on approx. 23 acres with relatively flat topography
- 62 total sites: 49 MH spaces and 13 apartment units
- 94% occupancy (58) with average lot rent of $325 and average apartment rent of $600
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
94%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 49419, MI
8,720
Population
2,983
Households
2.9
Avg Household Size
37
Median Age
26%
College-Educated
96%
High-School Grad
73.2 sq mi
ZIP Area
119
Density / Sq Mi
$92,708
Median Household Income
$51,644
Median Earnings
$301,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Riverview MHC offers 49 mobile home sites and 13 apartment units on approximately 23 acres with well water and septic sewer.
Where is this mobile home & rv park located?
The property is located at 3460 47th St Hamilton, MI.
What are key features of this property?
This property features: Riverview MHC in Hamilton, Michigan on approx. 23 acres with relatively flat topography; 62 total sites: 49 MH spaces and 13 apartment units; 94% occupancy (58) with average lot rent of $325 and average apartment rent of $600
