Contact Information
Stan Maxwell
Mobile Home Park Details
- Price: $595,000
- Purchase Method: Cash
- Cap Rate: 8.0% (Actual)
- Listing ID: 6947083
- Posted On: Jul 21, 2025
- Updated On: Jul 22, 2025
Description
This well-maintained community offers an affordable housing option in a family-friendly environment with convenient access to local schools, recreation, shopping, and entertainment.
Lot Rent: Lot rents range Average $340 per month, which includes water, sewer, and trash pickup. This remains below the market average, offering a value-driven housing solution. Rent recently Increased in 2025.
Location
Marlin Village Mobile Home Community is a 38-pad, all-ages manufactured home park located on Detroit Road in Niles, Michigan.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 38 |
| Total Occupancy: | 73.0 % |
| Year Built: | 1989 |
| Average MH Lot Rent: | $340 |
| Size: | 19 acre(s) |
Financial Information (Actual)
| Gross Income: | $111,088 |
| Operating Expense: | $34,118 |
| Net Operating Income: | $49,114 |
| Expense Ratio: | 30.7 % |
Lot Information
| Singlewide Lots: | 38 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
