In an ideal country setting in West Michigan, this riverfront real estate development opportunity will provide an investor a PUD (planned unit development) approved by the township and a large piece of real estate with over $400,000 of land improvements and infrastructure investments. Buyer would acquire ownership of several individual lots as well as common areas and property improvements. Phase 1 is complete, with some lots already sold; those lots have houses that are constructed and occupied. Remaining phases are undeveloped parcels that are fields or natural old growth forest awaiting completion of the development. INVESTMENT HIGHLIGHTSNormalization of West Michigan Real Estate Market - Stabilization in improvements in the West Michigan real estate markets are being supported by rapidly dropping housing inventory, as well as decreasing unemployment. The area is seeing increased residential real estate activity, and new housing starts are resuming after several years of inactivity.This development, one of two, was designed with an age-in-place concept. Across the street from this development are units for independent senior living and assisted living. The two developments can be considered in pieces or as a whole.
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