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Marcus & Millichap Brokers $9.7M Sale Of Port Of Call Manufactured Housing Community In Port Huron

Property Image
SOLD
$9,700,000
Chase Gilewski
Luke Lamoreaux

Michigan

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Manufactured Home
Sold 05/15/2025
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Property Image
SOLD

Marcus & Millichap Brokers $9.7M Sale Of Port Of Call Manufactured Housing Community In Port Huron

4125 Dove Road

See Similar Deals
Manufactured Home
Sold 05/15/2025
Chase Gilewski
Luke Lamoreaux
the dealplayerscompscontact
Contact now

Summary

MICHIGAN
Asset Type:Manufactured Home
Transaction Type:Sale

The property asset involved in this transaction is a manufactured home community located at 4125 Dove Road in Port Huron, MI. The community consists of 146 homesites and boasts a notable occupancy rate of 98%. The total sale price for this asset was $9,700,000.

Summary of transaction details:

The transaction was brokered by Marcus & Millichap, where Chase Gilewski represented both the seller and the buyer. Additionally, Luke Lamoreaux was instrumental in arranging the acquisition financing for the deal.

Players

Chase Gilewski
Marcus & Millichap
Chase Gilewski
2 deals$12.4M volume(248) 415-2662
BROKER
Luke Lamoreaux
Marcus & Millichap
Luke Lamoreaux
3 deals$16.3M volume(216) 264-2072
BROKER
Luke Lamoreaux
Marcus & Millichap
Luke Lamoreaux
3 deals$16.3M volume
LENDER

Details

SOLD
IMAGE: 05/15/2025 ADDRESS: 4125 Dove Road MARKET: Port Huron, MI ASSET TYPE: Manufactured Home BROKER: Chase Gilewski - Marcus & Millichap MORTGAGE BROKER: Luke Lamoreaux - Marcus & Millichap Capital Corp SALE PRICE: $9,700,000 NOTE: Marcus & Millichap brokered the $9.7M sale of Port of Call Manufactured Housing Community in Port Huron, MI, with 146 homesites and 98% occupancy. Chase Gilewski represented the seller and buyer, while Luke Lamoreaux arranged $7.2M in acquisition financing. #

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$517,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,462.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,982.95
Annual Debt Service$551,795.38