47 N Meridian Rd - Manufactured Housing/Mobile Housing FOR SALE


Midland, MI 48640
$2,000,000 USD
702-577-2067
47 N Meridian Rd, Midland, MI for Sale
$2,000,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/3
null | 2.8% Cap Rate

47 N Meridian Rd
Midland, MI 48640


HIGHLIGHTS

  • Value-add lease-up and infill potential
  • Existing infrastructure in place
  • Located in the strong Midland, MI market
  • Proximity to major employers and retail
  • Long-term NOI growth opportunity

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$32 USD /SF

# OF UNITS

67

PRICE/UNIT

$29,851

CAP RATE

2.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midland Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

18.42 AC

LAND SF

802,375 SF

ZONING

RES-FA

APN/PARCEL ID

100-012-400-325-00

ASK ABOUT THIS PROPERTY

Jordi SolomouPatriot HoldingsMore Info
702-577-2067

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Jordi SolomouPatriot HoldingsMore Info
702-577-2067

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.