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1723 South Van Dyke Road
Bad Axe, MI 48413
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B
What's Special
Plenty of upside!!! <p><span style="color: rgba(0, 0, 0, 1)">27-lot mobile home park located in Bad Axe Michigan on 23 acres with well water and septic sewer. Water is metered and tenants are billed directly for electricity.</span></p><p><span style="color: rgba(0, 0, 0, 1)">The property consists of 13 Tenant owned homes and 1 park owned home with 13 vacant lots.</span></p><p><span style="color: rgba(0, 0, 0, 1)">Current rent roll is $4,445/month and $53,340 annualized.</span></p><p></p>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547