Location Overview |
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Marysville Farms is located in Port Huron, MI, just east of I-94 in southeastern Michigan’s St. Clair County. Port Huron is within a
two-hour drive from Detroit, Toledo, Ann Arbor, Lansing, and Jackson. The community is accessible off Minnesota Road.
Document Center
An executed Confidentiality Agreement is required in order to obtain access to the document center located at the Client Login. Once access is granted, prospective clients will be able to access the Offering Memorandum and related confidential documents.
To initiate this process, please download, sign and return the appropriate document to MHRE Group
at:
Fax: 586-884-8421 or mwade@mhregroup.com.
To view the following documents, Adobe Acrobat is needed.
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| Property Overview
Property offering is a 159 space manufactured
housing community located in Port Huron, Michigan and within St. Clair
County. Marysville Farms currently operates lot rents at $305
per month and includes trash and snow removal.
Community residents are responsible for water, sewer, gas, and electricity.
The community is on city water and sewer under a master meter with
the occupied sites individually sub-metered. Marysville Farms
is located off Minnesota Road just east of I-94 in Michigan’s St. Clair
County.
Marysville Farms
1118 Minnesota Road
Port Huron, MI 48060
For detailed information on this property please contact:
Christopher Nortley (586) 884-8416.
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| Investment Summary |
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| Year Built |
1999-2000 |
| Park Price |
$6,100,000 |
| Park Owned Homes & Notes |
Included |
| Total Investment |
$6,100,000 |
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| Price per Space |
$34,591 |
| Price Occupied per Space |
$35,484 |
| Total Number of Spaces |
159 |
| Occupied Spaces |
155 |
| Vacant Spaces |
4 |
| Average Rent/Space |
$305 |
| Park Size |
40.62± acres |
| NOI - Year 1 Forecast |
$494,396 |
| Cap Rate (before reserves) |
8.11% |
| Cap Rate - Year 1 |
8.10% |
| Occupancy |
97.5% |
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