Contact Information

Mobile Home Park Details

  • Price: $10,500,000
  • Cap Rate: 5.0%
  • Property ID: 1457561
  • Posted On: Jun 14, 2021
  • Updated On: Aug 17, 2021

Property Description

Capstone Manufactured Housing is pleased to Park Estates Mobile Home Park, a 128-site community located in Belleville, Michigan. The community is advantageously positioned near US-12 and I-94, offering easy accessibility between the Detroit and Ann Arbor MSAs. Additionally, Park Estates is situated in a qualified opportunity zone. The community showcases an occupancy of 91%, public utilities and features below market rents. This offering presents investors the opportunity to acquire a well-positioned community with rental upside.

Location

Detroit MSA

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Park Information

Number of MH Lots: 128
Total Occupancy: 91.0 %
Size: 24 acre(s)

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