Investment Overview

Marcus & Millichap is pleased to present the Pine Grove Mobile Home Community located in Inkster. This small footprint park is conveniently located directly off Michigan Avenue with close proximity to Dearborn and Garden City. There are plenty of shopping plazas, grocery stores, entertainment, airports, and other attractions just a short drive away. The community consists of 44 units in total, all single wide lots. Of these 44 single wide lots, 30 are occupied park owned, 1 vacant park owned home currently used for storage, 10 occupied tenant owned, 2 vacant lots, and 1 manager occupied home. Gas and Electricity are separately metered and billed directly to tenants. The city water and sewer is master metered for the park and separate individual meters for tenant usage . The park is licensed for forty-five lots. There is a four plex apartment building currently being demolished that provides a new construction opportunity whether that consists of new multifamily units, or the addition of another lot. There is on site management and maintenance in place currently.