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Address is Plymouth Road Redford Charter Township, MI 48239

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Long's Mobile Home Court

Mobile Home Park for Sale in Redford Charter Township, Michigan

Plymouth Road
Redford Charter Township, MI 48239

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Mobile Home Park for Sale

Number of MH Lots: 67
Size: 1.6 acre(s)
Status: Sold
Property ID: 911937
Posted on: Mar 21, 2018
Updated on: Jul 18, 2018

Property Description

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Built in the 1940’s, the investment opportunity consists of a 65 site MHP, with two additional apartments for a total of 67 revenue producing sites. Long’s MHP has a highly stabilized historical occupancy. Currently there are 2 vacant mobile homes and 5 vacant MH sites. Long’s Mobile Home Court is located in a western suburb of Detroit and is located in Wayne County which is the most populous county in the state of Michigan.

An investor can immediately increase returns by either submetering the water and sewer or implementing a RUBS. Furthermore, rents can also be increased based on current market rents.

Location Description

Redford, Michigan is a bedroom community nestled against the west side of Detroit. Technically referred to as Redford Charter Township, the township has a total area of about 11 square miles, much of it residential. Redford grew as Detroit expanded through the first half of the 20th century, going from about 4,000 people in 1930, and peaking at about 72,000 people in 1970. The township is now a mid-sized suburb of Detroit, housing people who work in the various industries in the region.

Park Information

Number of MH Lots:67
Total Occupancy:90.0%
Year Built:1940
Average MH Lot Rent: $340
Size:1.6 acre(s)