Paradise Found! An absolutely amazing opportunity to own this family oriented, updated, year round, waterfront resort with an EXCELLENT repeat rental income history, on the sandy Western shoreline of Intermediate Lake! Sale includes Four 2 Br, 1Ba cottages/Two 3 Br, 2Ba cottages (Duplex), a 60' x 32' 1.5 story garage, row boats, waterfront boat house/fish cleaning station, dock and most of the furnishings! Perfect scenario for friends or a large family that would like to purchase this resort together as individual tax ID's have already been established for each unit! Land Contract Terms May Be Possible...
The Company provides two levels of care: Independent and assisted living (“AL”) facilities for senior adults: The Company has 27 residential units, with included ancillary services, as well as separately billed personal services, to a target market of moderate income senior citizens. Special Assistance Foster Care (SAFC) with 10 units for 20 adults is a separate wing, serving adults with serious cognitive, mental and behavioral disorders. Management of this division is currently being outsourced. Recurring revenue from monthly rentals on both the senior living units (70% of annual revenue) and the monthly payments from the outsourced operators of the SAFC, (25%). Billable services for as-needed personal care for the senior living unit (3%), which are normally continued month-over-month to meet the changing conditions of the aging residents. Miscellaneous other services generate the remaining portion of annual revenue.
North Muskegon, MI
Saint Joseph, MI
Houghton Lake, MI
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