Starlight Mobile Home Park is located at 7175 Bishop Rd, in Brighton, Michigan just south of the Lee Road exit off of US-23. Starlight is a very quiet Mobile Home Park with many retirees and longtime tenants. The property is bordered by protected woodlands to the West and Island Lake State Recreation Area to the North and East. Starlight was developed in 1957 and has always been owned by the same family.
The site encompasses approximately 10 acres consisting of 48 existing pads with 30 owned single-wide two-and three-bedroom homes, and 18 tenant-owned homes. The property features two unit types; 16 single-wide two bedroom/one bathroom homes and 14 singe-wide three bedroom/two bathroom homes. The utility breakdown of this property includes tenant-paid electric while water and sewer are the responsibility of the Landlord, currently serviced by a septic field and well.
Starlight offers a significant value-add opportunity with the possible expansion of approximately 32 additional pad sites along the property’s perimeter. The property possesses significant redevelopment potential for townhomes or condos given the strong demographics and household income of the US 23 corridor between Ann Arbor and Brighton. There is tap-in infrastructure at the entrance of the community, enabling a developer to convert water/sewer systems upon redevelopment.
Downtown Brighton, only three miles from Starlight Mobile Home Park, offers a great variety of shopping, dining and entertainment options. The Brighton area is home to many different forms of art and entertainment; performances include orchestras, choirs, plays, ballets and local bands. Free summer concerts are held in the gazebo at the Mill Pond each year and many local pubs offer live music as well throughout the spring, summer and fall. For those interested in fine art, Brighton offers the annual Fine Art & Acoustic Music Festival which is now in its 34th year!
Although the city is has grown in recent years, it has not lost its friendly small-town feel; residents can expect warm and welcoming people, and the downtown area is easily walkable. Even closer, at only one mile away, is the Green Oak Village Place, a life-style shopping center that includes T.J. Maxx, Home Goods, J.C. Penney, DSW, Buffalo Wild Wings and Panera. Costco, Kohl’s and more are located across the expressway from Green Oak Village Place. Brighton also offers many opportunities for outdoor activities, as it is close to several metro parks. The city gives easy access to major freeways including US-23, and I-96; it is approximately 19 miles North of Ann Arbor, and 17 miles West of Novi. Investors should take note of this excellent location and its many amenities.