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307
CLOSED TRANSACTIONS
$2.2 B
33
UNDER CONTRACT
$411 MM
10
LISTING INVENTORY
$60 MM
349
CLOSED TRANSACTIONS
$2.7 B
3,561
UNDER CONTRACT
$271 MM
SITES
11
LISTING INVENTORY
$50 MM
349
CLOSED TRANSACTIONS
$2.7 B
3,561
UNDER CONTRACT
$271 MM
SITES
11
LISTING INVENTORY
$50 MM
WILLOW GREEN & HOLIDAY SOUTH
MONROE, MICHIGAN
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Asking Price: $9,240,000 (5.00% Cap Rate) + Homes: $1,260,000
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Strategically Located: These manufactured housing communities boast 586 total sites in Monroe, Michigan, offering a prime location for potential investors.
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Significant Upside Potential: With a current occupancy rate of 43%, there is substantial room for growth and increased revenue by enhancing occupancy levels.
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Opportunity for Value Enhancement: The communities below-market rents present an immediate opportunity for value enhancement and increased profitability.
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Reliable Utilities Infrastructure: The properties are serviced by public water and sewer systems, ensuring dependable and efficient utilities for residents.
Listed By:
Jonathon McClellan
(216) 264-2023
Jonathon.McClellan@marcusmillichap.com
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Kyle Baskin
(216) 264-2059
Kyle.Baskin@marcusmillichap.com
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Connor Outcalt
(216) 264-2029
Connor.Outcalt@marcusmillichap.com
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Michael DiCillo
(216) 264-2034
Michael.DiCillo@marcusmillichap.com
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Steve Chaben
Two Towne Square, Ste. 450
Southfield, MI 48076
P: (248) 415-2600
Lic #: 6502387903
Broker of Record​
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