Investment Overview

Marcus & Millichap is proud to present the exclusive listing of North Shore Mobile Home Park located at 8632 E. Houghton Lak Dr. Houghton Lake, Michigan 48629. This community is situated right across the street from Houghton Lake and has public lake access right down the street. This park is licensed for 30 total lots that currently has 12 pads occupied with tenants. Along with the 12 homes that are occupied, four more vacant homes are onsite and ready to be rehabbed by a new investor. On top of rehabbing and renting out the four vacant homes, new ownership has the ability to bring in another 14 homes to the community with its current licensing. Additionally, since this site has a total of 6.88 acres, new ownership can continue to develop by adding more pads beyond the current 30, or potentially add some storage units for additional income in the future. North Shore Mobile Home Park is on a well system that has received a lot of upgrades recently with public sewer. The park is separately metered for gas and electric that is billed directly to the residents. Current rents are well below market.