Old Orchard MHP

🌟 Investment Opportunity – Old Orchard MHP

📍 35270 Glenwood Rd, Westland, MI 48186
🔗 Maps Link

🏡 Property Overview

• Total Licensed Lots: 29
• 26 mobile homes
• 1 apartment/cottage unit
• 1 triplex (+ 1 office building not currently rented)
• Occupancy: 26 paying tenants
• Home Ownership: 2 Park-Owned Homes (POH), balance Tenant-Owned Homes (TOH)
• Vacancies: 3 vacant mobile homes / 1 vacant triplex unit
• Lot Rent: $450–$550/month (no utilities included)
• On-Site Manager: Resides in Lot 15 (receives free lot rent)

💧 Utilities

• City Water & Sewer: Master metered and billed back
• Utility Charges:
• $35/month single occupant
• $60/month multiple occupants
• Recapture Rate: 75–80%

💰 Financial Highlights

• Gross Monthly Income: ~$13,180 (includes utility bill-backs)
• Lot Rent Range: $450 - $550/month (no utilities included)
• Asking Price: $995,000

📊 Market & Economic Highlights

• 📍 Strategic Location: Westland, MI – part of Metro Detroit, a major industrial and tech hub
• 🏭 Major Employers: Ford Motor Co, Stellantis, General Motors, American Axle, Amazon Fulfillment, and Beaumont Health
• 📈 Population: Over 80,000 residents in Westland; Metro Detroit over 4.3M
• 🛠 Growth Factors: Job growth in automotive, logistics, and manufacturing sectors; increasing rental demand due to housing shortages