4470 9th St - Manufactured Housing/Mobile Housing FOR SALE


Ecorse, MI 48229
$1,300,000 USD
4470 9th St, Ecorse, MI for Sale
$1,300,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | 7.6% Cap Rate

4470 9th St
Ecorse, MI 48229


HIGHLIGHTS

  • 2.47 Acres
  • 43 Total Pads
  • 550 Lot Rents
  • Occupancy (%) - 51% and 22 occupied

OVERVIEW

Potters Trailer Park Address: 4470 9th St, Ecorse, MI 48229 Maps Link: Click Here Property Overview Total Acreage: 2.47 acres Total Pads: 43 Occupancy: 60% (26 occupied) Home Type: 100% Tenant-Owned Homes (TOH) Financial Details Lot Rent: $550/month Included in Rent: $50 Water Charge $10 Infrastructure Charge $3 School Tax Total Rent Collected per Occupied Lot: $613/month Last Rent Increase: Effective August 1, 2024 Gross Monthly Income: $15,938 (613 × 26 occupied lots) Pricing Expectation: $1,300,000 Utilities & Infrastructure Water & Sewer: City (Public) Submetered Water/Sewer: Yes (billed back to tenants) Gas & Electric: Direct-billed to tenants Recent/Outstanding CapEx Projects: Road improvements underway (Spring 2025) Office recently renovated Park beautification plan currently being implemented Investment Highlights Value-Add Potential: With 40% vacancy, there is strong upside through lease-up, marketing, and operational improvements. Low Maintenance: All homes are tenant-owned, reducing ongoing repair and turnover costs. Rent Growth: Recent increase positions the park well for stable, growing returns. Market & Economic Strength Strategic Location: Situated in Ecorse, part of the expanding Detroit metro area. Major Employers Nearby: Ford Motor Co Stellantis General Motors American Axle and Manufacturing Inc. EMSCO Plastics Inc. Orion Energy Systems Crystal Flash Energy Economic Revitalization: Ecorse and the broader Detroit area are seeing increased investment and job growth, contributing to long-term property appreciation. Potters Trailer Park presents a unique value-add opportunity in a rising market. With recent rent increases, infrastructure improvements, and all homes being tenant-owned, investors can capitalize on strong cash flow and long-term upside.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$1,444 USD /SF

# OF UNITS

43

PRICE/UNIT

$30,233

CAP RATE

7.6%

% LEASED

51%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Potters Trailer Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.47 AC

LAND SF

107,593 SF

ZONING

Cm

APN/PARCEL ID

34-012-01-0024-001

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