Property Overview
Lake Villa is a 3.5 star community which contains 852 sites. The community was built in 2 phases, Phase I in the 1970’s and Phase II in the 1990’s. The community is serviced by municipal water and sewer which is charged back to the residents as a flat fee. The streets are constructed of asphalt with concrete curbs. Sites in the community average approximately 40×100 and can accommodate both single and double wide homes, with underground utilities, and both on street and off street parking for 1-2 cars. The community amenities include a clubhouse, walking trails and a lake.
Investment Summary
Year Built: 1970 & 1990
Size: 173.86 +/- acres
Star Class: 3.5
Average Rent/Site: $425
Number of Sites: 852
Occupancy: 57%
Number of Homes: 200
Sale Price: Undisclosed
Community Highlights
- Municipal Water & Sewer
- Clubhouse, Lake & Walking Trails
- Tremendous value add opportunity
- Located in Oakland County
Christopher Nortley
586-884-8416
chris@mhreinc.com
Enon Winkler
407-616-0250
enon@mhreinc.com
Ryan Opatich
586-884-8417
ryan@mhreinc.com
