$375,000
( $375.00Per Sq Foot )
 $2,013 est/mo Sourced by Back At You

1723 S Van Dyke Road,Bad Axe, MI 48413

Bad Axe, MI 48413

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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.

Details

MLS #20261038882
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year9999
Days On Site144
Listing Provided ByReal Estate One-Troy | Jack Butris

Features

SQ Feet1,000
Story(s)1
ZoningCommercial
Acreage23.45
Water FrontYes

Interior

Cooling Yes / NoNo
Heating Yes / NoYes
HeatingForced Air, Natural Gas

Exterior

Construction MaterialsOther

Parking

Garage Yes / NoNo
Attached Garage Yes / NoNo

Taxes

Tax Annual Amount8918.47

Area Information

StateMI
CountyHuron
CityBad Axe
Zip Code48413
AreaColfax Twp
School DistrictBadAxe
High SchoolBadAxe
Listing VS Median (in 48413)
Price:
$375,000
low | high
Med:
$254,900
82.026666666667% of Average
sqft:
1,000
low | high
Med:
5,188
100% of Average
$ / sqft:
$375
low | high
Med:
$79
100% of Average
On site:
144
low | high
Med:
43.5
100% of Average
Sourced by Back At You

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Learn More About This Property

Jessica Juel

Jessica Juel

Arterra

418220RENE, Real Estate Negotiation Expert (248) 878-1961jessica@jessicajuel.com
StateMI
CountyHuron
CityBad Axe
Zip Code48413
AreaColfax Twp
School DistrictBadAxe
High SchoolBadAxe
Listing VS Median (in 48413)
Price:
$375,000
low | high
Med:
$254,900
82.026666666667% of Average
sqft:
1,000
low | high
Med:
5,188
100% of Average
$ / sqft:
$375
low | high
Med:
$79
100% of Average
On site:
144
low | high
Med:
43.5
100% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 6:52:34 PM PDT

Jessica Juel - Arterra Realty