Robbins Mobile Village — Sale in Waterford, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Waterford, MI 48328
  • Year built: 1980

Photos

Robbins Mobile Village — Sale in Waterford, MI, photo 1 of 2
Robbins Mobile Village — Sale in Waterford, MI, photo 2 of 2

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire Robbins Mobile Village, a 129-site manufactured housing community located in Waterford, Michigan, within the Detroit MSA. Positioned in affluent Oakland County, the community benefits from proximity to one of the Midwest’s strongest employment bases, with convenient access to major employers, regional retail, and key transportation corridors. Robbins Mobile Village presents an attractive opportunity to acquire a well-located community with multiple value-add opportunities. The property features municipally serviced, sub-metered water and sewer utilities, only 10 park owned homes of which half are vacant and available for immediate lease-up, and significant upside through the lease-up of 29 vacant lots. Additionally, current lot rents remain approximately 20 percent below competing communities, providing the opportunity for measured rent growth while maintaining a meaningful affordability advantage over traditional housing options. Supported by strong market fundamentals and sustained demand for affordable housing, the community is well positioned for long-term operational growth. Investment Highlights: • 129 Site All Age Community Located in the Detroit MSA • Sub-metered Water & Sewer Billed Back • Limited Park Owned Homes • Average Rent Approximately 20 Percent Below Nearby Communities • 1.18 Million Population and $129,437 Average Household Income Within a 15 Mile Radius

Market Context

This multifamily in Waterford, MI is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1980. Compare it against other multifamily listings for sale in Waterford, MI — view the full market.

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