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Midland Mobile Home Park 47 N Meridian Rd 67 Unit Mobile Home Park $2,000,000 ($29,851/Unit) 2.80% Cap Rate Midland, MI 48640
Investment Highlights
- Value-add lease-up and infill potential
- Located in the strong Midland, MI market
- Long-term NOI growth opportunity
- Existing infrastructure in place
- Proximity to major employers and retail
Executive Summary
Opportunity to acquire an established manufactured housing community in the Midland market. The property offers existing pads and infrastructure with upside through occupancy growth, infill of vacant sites, and operational improvements.
Conveniently located near major employers, retail, and regional roadways, the community benefits from strong local housing demand and a stable economic base. Ideal for investors seeking a value-add MHC in a desirable Mid-Michigan location.
Conveniently located near major employers, retail, and regional roadways, the community benefits from strong local housing demand and a stable economic base. Ideal for investors seeking a value-add MHC in a desirable Mid-Michigan location.
Property Facts
| Price | $2,000,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $29,851 | Building Class | C |
| Sale Type | Investment | Lot Size | 18.42 AC |
| Cap Rate | 2.80% | Building Size | 63,283 SF |
| No. Units | 67 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1974 |
| Zoning | RES-FA | ||
| Price | $2,000,000 |
| Price Per Unit | $29,851 |
| Sale Type | Investment |
| Cap Rate | 2.80% |
| No. Units | 67 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 18.42 AC |
| Building Size | 63,283 SF |
| No. Stories | 1 |
| Year Built | 1974 |
| Zoning | RES-FA |
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Property Taxes
| Parcel Number | 100-012-400-325-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $81,700 |
Property Taxes
Parcel Number
100-012-400-325-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$81,700
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Midland Mobile Home Park | 47 N Meridian Rd
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