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Midland Mobile Home Park 47 N Meridian Rd 67 Unit Mobile Home Park $2,731,320 CAD ($40,766 CAD/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.
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $2,731,320 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $40,766 CAD | 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 | $2,731,320 CAD |
| Price Per Unit | $40,766 CAD |
| 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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Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 100-012-400-325-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $113,174 CAD |
Property Taxes
Parcel Number
100-012-400-325-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$113,174 CAD
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Midland Mobile Home Park | 47 N Meridian Rd
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