Exceptional rental income opportunity. A 15 unit subdivision consisting of all 16x80' mobile homes ranging in age from 1993 to 2002 sitting on individual 1 acre lots and all with their own private well, septic, storage shed and driveway. Each unit has it's own insulated 'roof over' system, insulated skirting sitting on top of a concrete slab plus the Owner has a strict maintenance and inspection regiment that keeps everything totally up to date. The development has a paved, County maintained roadway and is located walking distance to the Sand Lake Recreation area, less than one mile to the popular Dublin Store and about a 25 minute drive to Manistee and Lake Michigan to the West and about a 1/2 hour drive to Cadillac to the east. It's not unusual to have full occupancy with rental per unit between $600. and $650. per month. The whole operation is overseen by a part-time caretaker/manager allowing the (potential) owner to pursue other interests.
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This Multi-Family home
for sale in Wellston, MI
is currently listed for $450,000.
Featuring a lot size of 15.0 Acres,
4505 Rosemarie Street
was built in 1990 and
has been on coldwellbankerrealestate.com for 151 days.
This listing is provided courtesy of COLDWELL BANKER SCHMIDT-CADILLAC.
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1121 Parkdale Avenue
Manistee, MI 49660
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