Marcus & Millichap is pleased to present a two park package located in Kalamazoo, Michigan; Kalamazoo County. The two communities consists of 101 sites with public water and public sewer that is sub-metered. Together, the average rent is $303 ($300 Lot Rent + $3 School Tax) and is being offered for $1,450,000 which equates to 10.26 percent cap rate based on a Five Home Master Lease (9.06 percent Cap Rate without the Master Lease). One community, MW, currently has 40 of the 61 lots leased, while the other community, OB, has 23 out of the 40. OB also includes a SFR renting for $675/month and a commercial garage leasing for $400/month. Per the Seller, he has recently brought in five used homes that will be set and for sale by mid March. These will be Master Leased for one Year should they still be vacant at Closing.