UNDER CONTRACT
Looking for a capital partner to close on a cash-flowing 43-lot Mobile Home Park with immediate upside in Michigan.
Deal Highlights:
• 43 total lots
• 21 currently occupied lots – seller committed to 24 occupied lots by closing
• Almost All Tenant-Owned Homes (only One Park Owned Home rented) – low maintenance, stable cash flow
• Average lot rent: $522/month
• City water/sewer
• Running at a 9.2% cap rate on actual financials (not pro forma)
Significant upside (9 vacant lots and 9 vacant POHs to renovate)
This is a value-add MHP with solid in-place income and clear path to increased NOI through occupancy lift and modest rent growth.
Strong local market fundamentals:
- Good job growth in local market
- Diversified economy
- Demand for affordable housing in middle class neighborhood
Ideal for a partner seeking:
Cash flow day one
Recession-resistant asset class
Scalable upside
70% LTV Bank Financing
Feel free to call/text me at (312) 375-5223 if interested — happy to share numbers and next steps.
Dave Schneider
Blue Sky Parks, LLC
(312) 375-5223
dave@blueskyparks.com