20785 Schultes Ave | Warren, MI 48091
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- LoopNet Team
20785 Schultes Ave
Warren, MI 48091
Continental Mobile Home Community · Multifamily Property For Sale · 212,000 SF
Investment Highlights
- Asking price for Continental - $4,250,000 ($16,038/site)
- Opportunity to purchase a community in a high population MSA with low occupancy and perform a infill strategy to stabilize the community
- Opportunity to execute the lease up of 236 sites/homes.
- Continental’s rents are currently below market (~$525).
- There is an opportunity to increase rents by more than $60.
PROPERTY FACTS
| No. Units | 265 | Lot Size | 19.00 AC |
| Property Type | Multifamily | Building Size | 212,000 SF |
| Property Subtype | Average Occupancy | 9% | |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1990 |
| No. Units | 265 |
| Property Type | Multifamily |
| Property Subtype | |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 19.00 AC |
| Building Size | 212,000 SF |
| Average Occupancy | 9% |
| No. Stories | 1 |
| Year Built | 1990 |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 265 | - | 800 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,477,810 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,477,810
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