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Listed price in listed location currency (USD).
$375,000

000

MLS® 20261038882

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 1000 sqft
Garage 
Taxes $8,918
Days Active 11
Lot Size 
Approx. Age 9999
Avg. Price Per Sqft $375
MLS® Number 20261038882

Property Address: 1723 S Van Dyke Road, Colfax Township, MI, 48413

Average square foot calculated using Size range provided by listing agent.

Description

Bad Axe 27 mobile homes total, including the site manager’s home. $300, 000 Below Appraised Value |27-Unit Residential Income Portfolio | Offered at $375.000, This stabilized residential income portfolio comprises 27 single-mobile home residences on 23 AC properties. Running at 80% occupancy under continuous professional management, the portfolio generates $4000 in gross monthly rents — $4800 annually. At a standard 30% expense ratio, estimated NOI lands at approximately $30000, placing this offering at an 8.0% cap rate on the ask price not including the vacancy. To put that in perspective: you’re buying a sub-9-cap asset for a 10-cap price.
MLS® Number20261038882
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age9999
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 28, 2026List Date
$375,000List Price
  • Commute

Commute

Starting Address
Destination Address
1723 S Van Dyke Road, Colfax Township, MI

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