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This Multifamily Property is no longer advertised on LoopNet.com.

20785 Schultes Ave
Warren, MI 48091

Continental Mobile Home Community · Multifamily Property For Sale · 212,000 SF

Mobile Home & RV Parks Michigan Warren 20785 Schultes Ave, Warren, MI 48091

Investment Highlights

  • Opportunity to purchase a community with low occupancy which is located in a high population MSA
  • Continental’s rents are currently over 20% below market (~$620).
  • Located in major metros in the Central Michigan area.
  • ~95% market occupancy - opportunity to perform a value-add infill strategy to stabilize the communities.
  • There is an opportunity to increase rents by more than $165 and execute the lease up of 241sites/homes.
  • Famous MH Community from the "8 Mile" Movie - It was filmed in this park

PROPERTY FACTS

No. Units 265 Lot Size 19.00 AC
Property Type Multifamily Building Size 212,000 SF
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
  • Multifamily Dormitory
 Average Occupancy 9%
Apartment Style Garden No. Stories 1
Building Class C Year Built 1990
No. Units 265
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
  • Multifamily Dormitory
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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 12-13-31-454-009
  • 12-13-31-477-022
  • 12-13-31-452-029
  • 12-13-31-454-003
  • 12-13-31-454-006
  • 12-13-31-454-004
  • 12-13-31-454-002
  • 12-13-31-453-013
  • 12-13-31-454-008
  • 12-13-31-454-001
  • 12-13-31-454-005
  • 12-13-31-454-007
  • 12-13-31-453-008
  • 12-13-31-454-010
 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,477,810

PROPERTY TAXES

Parcel Numbers
Multiple
  • 12-13-31-454-009
  • 12-13-31-477-022
  • 12-13-31-452-029
  • 12-13-31-454-003
  • 12-13-31-454-006
  • 12-13-31-454-004
  • 12-13-31-454-002
  • 12-13-31-453-013
  • 12-13-31-454-008
  • 12-13-31-454-001
  • 12-13-31-454-005
  • 12-13-31-454-007
  • 12-13-31-453-008
  • 12-13-31-454-010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,477,810
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  • Listing ID: 29090207

  • Date on Market: 7/24/2023

  • Last Updated:

  • Address: 20785 Schultes Ave, Warren, MI 48091

More public record information on 20785 Schultes Ave, Warren, MI 48091

The Macomb West Multifamily Property at 20785 Schultes Ave, Warren, MI 48091 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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