Contact Information

Mobile Home Park Details

  • Price: $1,750,000
  • Property ID: 999478
  • Posted on Oct 17, 2018

Property Description

REDUCED PRICE - $1,750,000

• Lake Forest MHC is a 74 site, all age community with a great location on Hess Lake, offering residents an all sports lake that is great for water skiing, tubing, wakeboarding, as well as taking a relaxing cruise on a pontoon boat around the lake. It is the only lake in Newaygo County that has a restaurant where you can pull up by boat or seaplane.
• The nearby Muskegon River also provides additional recreational opportunities and is a huge draw for sport fishermen, who find it to be one of the best sources for steelhead and salmon anywhere in Michigan.
• Strong value-add opportunity to fill remaining vacant lots and then push rents.
Almost all park owned homes are currently occupied suggesting that if homes are brought in to the community they will have tenants looking to own or rent them.
• Subject community is only about 30 miles north of Grand Rapids providing
numerous employment options, which is a reason that population is sizable and
general demographics are strong.
• The community sits in close proximity to State Highways 37 and 46, providing easy access to other larger markets such as Grand Rapids, Kalamazoo, Muskegon, and Saginaw. The combined Kalamazoo-Battle Creek-Portage statistical area is the third largest in Michigan with a population well over 500,000.
• Universities within close proximity to the community include Western Michigan
University (WMU) (23,000 students enrolled) and Grand Valley State University
(25,000 students enrolled). Western Michigan has a regional network of over 20
public universities and 6 regional community colleges. There are over 72,000
students enrolled in Grand Rapids alone.

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Park Information

Community Type: All Age
Number of MH Lots: 74
Year Built: 1985
Average MH Lot Rent: $317
Size: 19.8 acre(s)

Park-Owned Homes

Number of Park-owned Homes: 11

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