Colliers Manufactured Housing & RV Group is pleased to present the opportunity to acquire the Sunset Shores Cottage Resort, a 80-site, 55+ tenant-owned cottage experience nestled on nearly 34 acres along the southern rim of the larger Canadian Lakes Development, a private residential community, in the lush and scenic Central Michigan.

The property is perfectly positioned for residents to enjoy a peaceful and charming atmosphere in its beautifully maintained community, located approximately 18 miles southeast of Big Rapids, 57 miles northwest of Grand Rapids, 95 miles northeast of the state capitol, Lansing and 105 miles southeast of Traverse City.

Private Utilities (Well/Septic)

High-end modular housing community that provides a lower-cost housing option for a mix of permanent and seasonal home owners.

Rent Increases at the community are CPI-based rent increases and are expected to increase over 8% in May 2023.

Owner has slowly infilled the community with high-end modular homes and site-built garages and the property presents an opportunity for a more aggressive owner to bring in new homes and finish leasing up the community.

The property was developed as a part of the larger Canadian Lakes development and benefits from the many amenities such as golf courses, clubhouses, pool, beaches, lake access and sports venues.

Offering Site: https://www.crexi.com/properties/967437/michigan-sunset-shores-cottage-resort

Join email list and provide investment criteria: https://lnkd.in/g9xC5k-a