Pleasant Lake Manufactured Housing
For Sale
Contact for pricing
11285 E Pleasant Lake Rd, Manchester, MI 48158
24-site community near Pleasant Lake with income upside.
Property SizeContact for details
Days on Market325
Property Features for 11285 E Pleasant Lake Rd
General Information
Standard status
Active
Property subtype
Mobile Home Park
Zoning
R-6
Listing Agency:
eXp Commercial
Listed By:
Phillip Li · License #2563988
Source:
Crexi
Added: Sep 22, 2025
Changed: Aug 8
Last Checked: Jul 21 at 6:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial
Investment Insights
Based on property information with market context.
Pleasant Lake MHP is a 24-site manufactured housing community located in Manchester, MI. The community includes 13 occupied park-owned homes, generating an average rent of $1,105 per month, and 8 lot renters paying $590 per month. All lots are master-metered for water & sewer, which are included in the rent. Electric and natural gas are direct billed to tenants. The investment strategy for this park includes gradually raising rents to market levels, implementing utility bill-backs through a flat-rate fee, and filling the two remaining vacant spaces. The current owner has declined several prospects interested in moving in their own homes, preferring instead to bring in park-owned homes for higher rental income. A new owner could readily fill these desirable lakefront properties. The park is within walking distance of Pleasant Lake, providing easy lake access and a strong draw for residents. This stabilized lakefront asset presents a new investor with a 10.57% cash-on-cash return from day one, along with upside potential through rent increases and utility expense recovery, all in an exceptionally desirable location.
Key Highlights
- Stabilized lakefront asset with an impressive 10.57% cash‑on‑cash return.
- Favorable seller financing available: $1M down, 5% interest, 30‑year amortization, 5‑year balloon.
- Walking distance to Pleasant Lake, offering easy lake access.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 48158, MI
7,362
Population
3,348
Households
2.2
Avg Household Size
49
Median Age
38%
College-Educated
97%
High-School Grad
95.1 sq mi
ZIP Area
77
Density / Sq Mi
$97,692
Median Household Income
$56,926
Median Earnings
$900
Median Rent
$298,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 24-site community near Pleasant Lake with income upside.
Where is this mobile home & rv park located?
The property is located at 11285 E Pleasant Lake Rd Manchester, MI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Stabilized lakefront asset with an impressive 10.57% cash‑on‑cash return.; Favorable seller financing available: $1M down, 5% interest, 30‑year amortization, 5‑year balloon.; Walking distance to Pleasant Lake, offering easy lake access.
