Patriot Holdings
Listed by Patriot Holdings
$1,200,000
Bay City Mobile Home Park
Details
APN 09-100-001-200-195-01
Property Type Mobile Home Park
Square Footage 38,872
Units 34
Cap Rate 5.20%
NOI $62,400
Occupancy 42%
Price per SqFt $31
Class B
Buildings 34
Acreage 14.940
Zoning R3
MHP
Marketing description
Opportunity to acquire an established manufactured housing community. The property features existing pads and infrastructure with the ability to increase occupancy, infill vacant sites, and improve operations.
Located along S. Huron Road (M-13) just minutes from I-75 and Bay City’s main retail corridor, the asset benefits from strong accessibility and steady demand for affordable housing in the Bay County market.
Ideal for investors seeking a value-add MHC with long-term growth potential.
Listing Contacts
Patriot Holdings
Listed by Patriot Holdings
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,400.00
$5,200.00/mo
Valuation Metrics
0
DSCR
5.2%
Cap Rate
5.2%
ROI
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