Introducing the GUERNSEY LAKE ESTATES MANUFACTURED HOUSING COMMUNITY! Nestled in Delton, Michigan at 271 LAKESIDE DRIVE, this rare property offers 40 lakefront mobile home sites on beautiful Guernsey Lake. Priced at a total of $2,842,500, this investment opportunity includes park-owned homes from 2019-2024 and the potential to expand with an additional 22 sites on 3 acres of development land. Boasting an IN-Place Cap Rate of 7.74% and an IN-Place NOI of $119,944, this community presents a solid investment with significant growth potential. With city sewer service and a desirable location, the GUERNSEY LAKE ESTATES is ready for a new owner to further enhance its value. Don't miss out on this chance to own a thriving manufactured housing community in a serene lakefront setting.

Listing Site: www.wiselycr.com

Community Video: https://youtu.be/EKO0CtduYiQ

Offering Memorandum Link: https://www.crexi.com/properties/2013618/michigan-guernsey-lake-estates?offeringMemorandum=download