Sunfish Village is a beautiful, stabilized lifestyle community offering the next owner a turnkey, cash-flowing investment with meaningful upside. This is a rare lakefront manufactured home community with high-quality residents in a desirable state and metro area.

The property is comprised of:
→ 40 manufactured home lots: 35 occupied lot rentals averaging $369/mo. in lot rent + 5 occupied park-owned homes averaging $636/mo.
→ 2 RV lots (that could accommodate 3 BR manufactured homes if desired) with long-term residents averaging $340/mo.
→ 1 log cabin currently used as a short-term rental (but could be rented as a furnished long-term rental if desired)
→ 14 dock slips. 12 occupied with seasonal leases generating $11,635 of income per year.
→ 2 large storage/shop buildings
→ Adjacent 2.9 acre parcel that could accommodate another approx. 11 MH lots or 15 RV lots based on the county's development guidelines.

City water and septic. The water is direct-billed for all but 14 lots. The utility company recently converted 11 lots to direct bill and has expressed an interest in converting the remaining 14 lots as well.

Avg. lot rent $116/mo. below comparable lakefront community located 4 miles away.

Current ownership has spent over $275k in capex over the past three years, including new paved roads, parking spaces, signage, landscaping, utility upgrades, a dock gate, and privacy fencing.

In the last two years, six new singlewides have sold in the community for between $73,000 and $99,900, several of them all-cash. This demonstrates the attractiveness of the community and the strong household income levels of its residents.

Currently managed by out-of-state owner and an outstanding on-site resident manager who would like to continue under new ownership.

None of the homes or structures are in a flood zone.

Owner possesses excellent books & records, signed leases for all residents, and titles to all park-owned homes.

No residents are currently delinquent, and several have prepaid rent months in advance.

The current owner has sold 31 homes in the community in the last three years at an average price of ~$30,000. All but two were all-cash sales, and none were rent-to-own. Therefore, if the next owner desires to convert the remaining park-owned homes into tenant-owned homes, it can do so quickly and profitably.

The asking price of $2,050,000 represents a 7.7% cap rate with significant opportunities for upside, including: developing adjacent parcel (which could enable the property to qualify for agency financing), raising rents to market, leasing the vacant home and dock slips, and converting the shop and storage building into boat storage facilities.

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