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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1723 S Van Dyke Rd , Bad Axe, MI 48413
$375,000
Est. Payment: $833.33/mo
0 Bed
0 Bath
3840 Sqft
Status: Active | Days on site: 112
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08114902 - 294875
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Jack Butris , 248-931-5555 Real Estate One-Troy , 248-813-4900.

Property Type

Commercial Sale
Lot/Acreage
23.45

Year Built

9999

County

Huron

 Neighborhood

Colfax Twp

 School District

Bad Axe

Listing ID

20261038882

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Water:Well

Exterior Features
Principal Interest
$833
Taxes
$743

Home Price

$375,000

Loan Details

30 yrs
%

Down Payment

20%
$75,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$833.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $833.33 $743.21 $0.00 $1,576.54
Yearly $10,000.00 $8,918.47 $0.00 $18,918.47
Total $300,000.00 $267,554.10 $0.00 $567,554.10

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Bad Axe, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.