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Jenn Smart

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1723 S Van Dyke , Bad Axe, MI 48413
$375,000
Est. Payment: $1,954.18/mo
0 Bed
0 Bath
3840 Sqft
Status: active | Days on site: 43
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
By proceeding you are providing Jenn Smart with your express written consent to send you marketing and promotional communications via calls or prerecorded messages dialed by a natural person or by using an artificial or automated telephone dialing system.

By checking the box, you consent to receive marketing text messages. If checked, you consent to receiving texts including marketing and promotional communications, from Jenn Smart. Messages and data rates may apply. Message frequency varies. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms & Conditions and Privacy Policy.
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Jenn Smart
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House Description

Bad Axe 27 mobile homes total, including the site manager's home. $300,000 Below Appraised Value |27-Unit Residential Income Portfolio | Offered at $375.000, This stabilized residential income portfolio comprises 27 single-mobile home residences on 23 AC properties. Running at 80% occupancy under continuous professional management, the portfolio generates $4000 in gross monthly rents - $4800 annually. At a standard 30% expense ratio, estimated NOI lands at approximately $30000, placing this offering at an 8.0% cap rate on the ask price not including the vacancy. To put that in perspective: you're buying a sub-9-cap asset for a 10-cap price.
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Highlights

Listed by Jack Butris , 248-931-5555 Real Estate One-Troy , 248-813-4900. MiRealSource, Inc. mls logo

Property Type

Commercial Sale
Lot/Acreage
23.45

Year Built

99

County

Huron

Area

Colfax Twp (32006)

Listing ID

60996824

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Above Ground Sq Ft:3840
Water:Private Well

Exterior Features

Lot Dimensions:700 x400
Zoning:Commercial
Sewer:Septic
Principal Interest
$1,954
Taxes
$743

Home Price

$375,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$75,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,954.18

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,954.18 $743.21 $0.00 $2,697.38
Yearly $23,450.13 $8,918.47 $0.00 $32,368.60
Total $703,503.78 $267,554.10 $0.00 $971,057.88
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Bad Axe, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

IDX service by Blueroof 360

Data last updated: 2026-09-02T03:11:55.100Z

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