Old Orchard MHP

Property Description

🌟 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

Investment Highlights

This is a stabilized investment in a strong Metro Detroit submarket. With a mix of TOHs and POHs, additional income potential through the vacant units, and solid infrastructure with RUBS billing already in place, this park offers both stability and upside for the right investor.