1142 LANSING ST Adrian MI 49221-4053

Colliers Manufactured Housing & RV Group presents the investment opportunity to acquire the recently redeveloped 123-pad mobile home community, Kings Court. The property is situated on nearly 10 acres along the edge of Michigan's border with Ohio in Adrian, approximately 30 miles northwest of Toledo, 30 miles southwest of Ann Arbor and 58 miles southwest of Detroit providing excellent access to surrounding shopping, dining, Fortune 500 headquarters, prestigious Universities and much more.

The asking price for the property is $1,750,000 ($14,228/site)

There is an opportunity for seller financing.

There is an opportunity for a larger portfolio from the same seller.

Join email list and provide investment criteria: https://lnkd.in/g9xC5k-a

Colliers Manufactured Housing & RV Group Linkedin Page:
https://www.linkedin.com/company/35565066

Other opportunities:
https://www.crexi.com/profile/mike-nissley-mikeni

MH Park Groups:
https://www.facebook.com/groups/1971542136217030
https://www.linkedin.com/groups/12180353

RV Park Groups:
https://www.facebook.com/groups/2040575082699586
https://www.linkedin.com/groups/12180303

• Seller financing is available.

• The mobile home park has recently been redeveloped with new roads constructed throughout the property and is prepped for lease up.

• The subject property is currently located in Adrian's only opportunity zone.

• Current rents at the community are $385 which are under market for the area of ~$450. There are 110 vacant sites which after homes are placed can be leased up to stabilize the community.

• The property has convenient and quick access to US-223 and Beecher Street, both of which offer connection to downtown Adrian and multiple neighborhoods, retail business and services as well as Detroit, Ann Arbor and Toledo. The Greater Detroit MSA boasts over 4.2 million residents and is home to numerous Fortune 500 companies such as General Motors (whose Global headquarters is in Detroit) Ford Motor Company (25K Employees) and Quicken Loans (17K Employees).