1,000 sqft

$375,000

1723 S Van Dyke Road, Colfax Township Huron Michigan, 48413

Price per sqft$375.00

Property size1,000 sqft

Property typeCommercial

Overview

Active

Listed May 28, 2026

Updated 4 weeks ago

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.

Other Property Details

Taxes: $8,918
Tax Frequency: Annually
55+/Senior Community: No

Courtesy of Real Estate One-Troy

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Data last updated 6:58 AM UTC, 9/10/2026