3070 Elm Dr - Specialty FOR SALE


West Branch, MI 48661
$1,200,000 USD
770-933-8585
3070 Elm Dr, West Branch, MI for Sale
$1,200,000 USD
Specialty - FOR SALE
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null | Request Cap Rate

3070 Elm Dr
West Branch, MI 48661


HIGHLIGHTS

  • 99 Total 98 Campsites | 1 Rental Units
  • 98 Total Acres (26 Ac. is Campground) #003-024-009-00
  • Utilities - Well/Septic
  • All-Sports Lake with Beach, General Store, Putt-Putt Golf Course, Game Rom, Playground, Outdoor Pool, LP Gas, Live Entertainment, Fishing & More!
  • Year Built - Mid-1970’s
  • Part of a 700+ Site Michigan RV Portfolio

OVERVIEW

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. Rifle River - Sterling, MI - 163 Sites Lake of the North - West Branch, MI - 98 Sites Grand Haven - Grand Haven, MI - 226 Sites Wilderness - Omer, MI - 206 Sites The portfolio features abundant amenities and a myriad of Lake or River frontage and water access at most of the resorts. 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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$1,200 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake of the North

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Parking Lot, Self Storage, Marina

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

98 AC

LAND SF

4,268,880 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mike NissleyColliers Manufactured Housing & RV GroupMore Info
770-933-8585

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Mike NissleyColliers Manufactured Housing & RV GroupMore Info
770-933-8585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.