MHRE Inc. is pleased to present Parkway Village MHP located in Clinton Township, Michigan. Built in the 1960’s and renovated in the 1980’s, the investment opportunity consists of a 242 site mobile home park, developed on 25.18 acres. Parkway Village MHP has all site rent residents with no home rentals and 1 installment contract. There are currently 40 vacant inventory homes in need of rehab, MHRE Proforma is assuming that 15 of the 40 homes will remain unusable. ParkwayVillage offers an investor a tremendous value add opportunity with an immediate opportunity to increase rents on existing residents as current rents are a staggering $125 below market. The investor also has the opportunity to bring in new homes and fill the vacant sites at the same time as increasing rents
