Skip to main content

Mobile Home Park

Shady Rest Mobile Home Court

3612 E Shod St, Bay City, MI 48706

Listing Price: $2,335,377

Cap Rate
6.96%
Number of Spaces
127
Lot Size
20.04 acres
Occupancy
46.1%
Price/Space
$18,389
Spaces/Acre
6.34
Year Built
1970

Investment Overview

Shady Rest Mobile Home Court is a 127-space manufactured housing investment located at 3612 East Shod Street in Bay City, Michigan.

The property spans 20.04 acres and is comprised of 60 tenant-owned homes, 62 vacant lots and five vacant park-owned homes (ready to rent). A new owner can add value by adding mobile homes to fill vacancies and billing back the tenants for utilities. The property currently shares management with Pebble Creek Mobile Home Park, which is located 23 miles away.

Investment Highlights

  • 127 Total Spaces and 20.04 Acres
  • 60 Vacant Lots, 62 Vacant Lots, and Five Vacant Park-Owned Homes (Ready to Rent)
  • Ability to Add Value By Adding Mobile Homes to Fill Vacancies and Billing Back Tenants for Utilities
  • Shares Management with Pebble Creek Mobile Home Park and is 23 Miles Away from Pebble Creek Mobile Home Park
  • Located in East Central Michigan
  • Easy Access to Route 247 and Route 13
  • Close Proximity Retail Options including Dollar General and Walmart
  • Nearby Dining Options include Taco Bell and Cracker Barrel

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Mobile Home Park

Shady Rest Mobile Home Court

Listing Price: $2,335,377

Cap Rate
6.96%
Number of Spaces
127
Lot Size
20.04 acres
Occupancy
46.1%
Price/Space
$18,389
Spaces/Acre
6.34
Year Built
1970

Investment Highlights

  • 127 Total Spaces and 20.04 Acres
  • 60 Vacant Lots, 62 Vacant Lots, and Five Vacant Park-Owned Homes (Ready to Rent)
  • Ability to Add Value By Adding Mobile Homes to Fill Vacancies and Billing Back Tenants for Utilities
  • Shares Management with Pebble Creek Mobile Home Park and is 23 Miles Away from Pebble Creek Mobile Home Park
  • Located in East Central Michigan
  • Easy Access to Route 247 and Route 13
  • Close Proximity Retail Options including Dollar General and Walmart
  • Nearby Dining Options include Taco Bell and Cracker Barrel

Investment Overview

Shady Rest Mobile Home Court is a 127-space manufactured housing investment located at 3612 East Shod Street in Bay City, Michigan. The property spans 20.04 acres and is comprised of 60 tenant-owned homes, 62 vacant lots and five vacant park-owned homes (ready to rent). A new owner can add value by adding mobile homes to fill vacancies and billing back the tenants for utilities. The property currently shares management with Pebble Creek Mobile Home Park, which is located 23 miles away.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

MM Texture Background
MM Textured Background Lower