Tenant-Owned Manufactured Housing
9178 S LUCILLE ST LOT 25 Traverse City, MI 49684
9178 S LUCILLE ST LOT 25, Traverse City, MI, 49684
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For Sale
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First Point MHC is a 50-unit, 100% occupied tenant-owned manufactured housing community with private well and septic systems.
Lot Size10.56 Acres
Days on Market79
Property Features for 9178 S LUCILLE ST LOT 25
General Information
- Standard status
- Active
- Lot size
- 10.56 Acres
- Property subtype
- Mobile Home Park
Listing agency
Marcus & Millichap - Charlotte Uptown
Listed by
Glenn Esterson · License #GA 355850
Source
Crexi
Added: May 5 Updated: Jul 21 at 9:55PM Checked: Jul 22 at 12:23PM
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 - Charlotte Uptown
Investment Insights
Based on property information with market context.
First Point MHC is a 50-unit manufactured housing community consisting entirely of tenant-owned homes, with the community reported as 100% occupied. The property sits on approximately 10.56 acres and operates with tenant-paid utility services, including electric, gas/propane, and cable delivered through direct billing. Trash is curbside and direct-billed to tenants, while the landlord is responsible for mowing common areas and snow plowing. The community also generates utility revenue estimated at approximately $63 per unit per month.
Water service is provided through a private well system, with billing back to tenants. Wastewater is handled by a private septic system, and the septic system is currently under an active replacement project with EPA oversight, scheduled to be completed before closing.
The offering is described as not located in a flood zone or an opportunity zone. The seller is marketing First Point MHC as 50 tenant-owned homes with zero park-owned homes, no RV lots, and no single-family home units.
Water service is provided through a private well system, with billing back to tenants. Wastewater is handled by a private septic system, and the septic system is currently under an active replacement project with EPA oversight, scheduled to be completed before closing.
The offering is described as not located in a flood zone or an opportunity zone. The seller is marketing First Point MHC as 50 tenant-owned homes with zero park-owned homes, no RV lots, and no single-family home units.
Key Highlights
- 50‑unit, 100% occupied manufactured housing community with 50 tenant‑owned homes (TOH)
- ~10.56‑acre community with average lot rent of $490/month and projected mark‑to‑market rents of $750/month
- Utility revenue of approximately $63/unit/month, with tenant‑paid utilities via direct bill (electric, gas/propane, cable)
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
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FAQs
What type of property is this?
Mobile home & RV park - First Point MHC is a 50-unit, 100% occupied tenant-owned manufactured housing community with private well and septic systems.
Where is this mobile home & rv park located?
The property is located at 9178 S LUCILLE ST LOT 25 Traverse City, MI.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 50‑unit, 100% occupied manufactured housing community with 50 tenant‑owned homes (TOH); ~10.56‑acre community with average lot rent of $490/month and projected mark‑to‑market rents of $750/month; Utility revenue of approximately $63/unit/month, with tenant‑paid utilities via direct bill (electric, gas/propane, cable)
