Pleasant Lake Manufactured Housing
11285 E Pleasant Lake Rd, Manchester, MI 48158
24-site community near Pleasant Lake with income upside.
Type:Mobile Home Park
- Added:
- Sep 22, 2025
- Days on Market:
- 233
- Last Refresh:
- Mar 16 at 1:26 pm
Property Features for 11285 E Pleasant Lake Rd
General Information
- Standard status
- Active
- Property subtype
- Mobile Home Park
Listing agent Phillip Li License #2563988
Listing office eXp Commercial
Listing date Sep 22, 2025
Source Crexi
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
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.
- Upside potential through rent increases and utility bill‑backs.
- Opportunity to fill two vacant lakefront spaces for increased revenue.
- 24‑site manufactured housing community generating current income with a mix of park‑owned homes and lot rentals.
Overview
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.
Location Intelligence
Current Use by Public Records
Pleasant Lake Mobile ...
Campground & RV Park
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.950196
- Latitude
- 42.206603
Nearby Similar for Sale
FAQs
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.
