Stabilized 27-Mobile Home
1723 S Van Dyke Road Bad Axe, MI 48413
1723 S Van Dyke Road, Bad Axe, MI, 48413
Contact for pricing
For Sale
Contact for pricing
Portfolio includes 27 single-mobile home residences on 23 acres, running 80% occupancy under continuous professional management.
Property Size3,840 SF
Lot Size23.00 Acres
Price / SF$97.66
Days on Market60
Property Features for 1723 S Van Dyke Road
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Lot size
- 23.00 Acres
- Property subtype
- Business for Sale, Land
Building Details
- Year Built
- 9999
Listing agency
Real Estate One Troy
Listed by
Jack Butris · License #MI 6501294875
Source
Crexi
Added: May 25 Updated: Jul 21 at 3:59AM Checked: Jul 22 at 8:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate One Troy
Investment Insights
Based on property information with market context.
Offered for sale is a stabilized 27-unit residential income portfolio consisting of 27 single-mobile home residences on 23 acres. The mix includes the site manager’s home. The portfolio is described as professionally managed on a continuous basis and is currently running at 80% occupancy, with $4,000 in gross monthly rents (about $48,00 annually), as stated in the remarks.
Located at 1723 S Van Dyke Road in Bad Axe, Michigan, the offering is presented as generating estimated NOI of approximately $30,000 based on a standard 30% expense ratio. The remarks further state an estimated 8.0% cap rate on the ask price, not including the vacancy.
Located at 1723 S Van Dyke Road in Bad Axe, Michigan, the offering is presented as generating estimated NOI of approximately $30,000 based on a standard 30% expense ratio. The remarks further state an estimated 8.0% cap rate on the ask price, not including the vacancy.
Key Highlights
- Portfolio of 27 single‑mobile home residences on 23 AC properties, including the site manager’s home
- Running at 80% occupancy under continuous professional management
- Generates $4,000 in gross monthly rents
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.9k | $15.60 |
| − Vacancy | −$4.3k | −$1.11 |
| EGI | $55.7k | $14.49 |
| − OpEx | −$25.0k | −$6.52 |
| NOI | $30.6k | $7.97 |
3,840 SF · lease $15.60/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$437.3K
$382.6K – $510.1K
NOI $30,608 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$893.3K
$781.7K – $1.04M
NOI $62,532 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Portfolio includes 27 single-mobile home residences on 23 acres, running 80% occupancy under continuous professional management.
Where is this mobile home & rv park located?
The property is located at 1723 S Van Dyke Road Bad Axe, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Portfolio of 27 single‑mobile home residences on 23 AC properties, including the site manager’s home; Running at 80% occupancy under continuous professional management; Generates $4,000 in gross monthly rents
