129-Site Manufactured Housing
New
For Sale
$8,370,000
3300 Elizabeth Lake Rd, Waterford, MI 48328
Municipally serviced community with sub-metered water and sewer utilities and available homes and lots.
Property SizeContact for details
Days on Market3
Property Features for 3300 Elizabeth Lake Rd
General Information
Standard status
Active
Property subtype
Mobile Home Park
Occupancy
74%
Additional Details
Cap Rate
6%
Utilities to Site
Yes
Multifamily Units
129
Amenities
129 Site All Age Community Located in the Detroit MSA
Sub-metered Water & Sewer Billed Back
Limited Park Owned Homes
Average Rent Approximately 20 Percent Below Nearby Communities
1.18 Million Population and $129,437 Average Household Income Within a 15 Mile Radius
Building Details
Year Built
1980
Listing Agency:
Marcus & Millichap - Detroit
(216) 264-2023
Listed By:
Jon McClellan · License #License(s): OH: SAL.2005002219
(216) 264-2023
Source:
Marcusmillichap
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 16 at 3:00AM
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 Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
Robbins Mobile Village is a 129-site manufactured housing community established in 1980 in Waterford, Michigan. The property has municipally serviced, sub-metered water and sewer utilities, along with 10 park-owned homes. Half of those homes are vacant and available for lease-up, while 29 additional lots are vacant.
The community is located at 3300 Elizabeth Lake Rd in Oakland County, within the Detroit MSA. Its setting provides access to major employers, regional retail, and transportation corridors. Current lot rents are approximately 20 percent below competing communities, creating a documented affordability differential relative to nearby communities. The property also offers an existing base of sites, homes, and utility infrastructure for continued operation.
The community is located at 3300 Elizabeth Lake Rd in Oakland County, within the Detroit MSA. Its setting provides access to major employers, regional retail, and transportation corridors. Current lot rents are approximately 20 percent below competing communities, creating a documented affordability differential relative to nearby communities. The property also offers an existing base of sites, homes, and utility infrastructure for continued operation.
Key Highlights
- 129‑site manufactured housing community in Waterford, Michigan
- Built in 1980 with municipally serviced, sub‑metered water and sewer utilities
- 10 park‑owned homes, with half vacant and available for lease‑up
Property Analytics
Current Use
Lease Details
129
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 48328, MI
24,178
Population
11,938
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
2,717
Density / Sq Mi
$69,788
Median Household Income
$42,084
Median Earnings
$1,041
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Municipally serviced community with sub-metered water and sewer utilities and available homes and lots.
Where is this mobile home & rv park located?
The property is located at 3300 Elizabeth Lake Rd Waterford, MI.
What is the asking price?
The asking price for this property is $8,370,000.
What are key features of this property?
This property features: 129‑site manufactured housing community in Waterford, Michigan; Built in 1980 with municipally serviced, sub‑metered water and sewer utilities; 10 park‑owned homes, with half vacant and available for lease‑up
