Contact Information
Michael Nissley
Colliers Manufactured Housing & RV Group
RV Park/Campground Details
- Price: $10,900,000
- Listing ID: 6827369
- Posted On: Feb 18, 2025
- Updated On: Mar 12, 2025
Description
Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire the Michigan Outdoor RV Portfolio, a 717-site RV/Campground portfolio located throughout Michigan. The portfolio features abundant amenities and a myriad of Lake or River frontage and water access at most of the resorts.
The asking price for the portfolio is $10,900,000 ($15,202/site). This represents a ~16.3% stabilized yield.
This provides the opportunity for a buyer to purchase non-stabilized properties at a price well-below replacement cost and stabilize the portfolio at a high double-digit unlevered yield while maximizing on management efficiencies.
The properties are well located across popular seasonal vacation destinations in Michigan with great weather and picturesque natural scenery.
https://www.crexi.com/properties/1757319/michigan-michigan-outdoor-rv-portfolio
Kari.Pell@Colliers.com
904 207 3696
MHRVGroup@Colliers.com
561 479 1588
Location
https://www.crexi.com/properties/1757319/michigan-michigan-outdoor-rv-portfolio
If this one doesn't match your investment criteria, you can visit this link to update your criteria: https://visitor.r20.constantcontact.com/manage/optin?v=001G32ScgsZ-HBaN-LLw8ymaONrfaIP08gsvDJTr6rIEhJKAZWFDhdVbKp_vVZVTJ_yH9rY23ISFnLm_FTWgYaFrXLY1Q4uQUoukF574_gTkY4%3D
You can view our other opportunities here: https://www.crexi.com/profile/mike-nissley-mikeni
If you have a property you would like to sell or receive a valuation on, visit this link:
https://lp.constantcontactpages.com/su/buJbxgS/1031seller
Colliers Manufactured Housing & RV Group Linkedin Page:
https://www.linkedin.com/company/35565066
MH Park Groups:
https://www.facebook.com/groups/1971542136217030
https://www.linkedin.com/groups/12180353
RV Park Groups:
https://www.facebook.com/groups/2040575082699586
https://www.linkedin.com/groups/12180303
Amenities
- Laundromat
- Pool
- Club House
- Store
Park Information
| Number of RV Lots: | 717 |
| Year Built: | 1970 |
| Size: | 201.3 acre(s) |
Utility Information
| Water: | Well |
| Sewer: | Septic |
