West Michigan Portfolio

West Michigan Portfolio

South Haven, MI
Under Contract
  • Property Type: Manufactured Housing
  • Property Size: / 7.5 Acres / 94 Sites

Overview

Capstone Manufactured Housing is pleased to present the West Michigan Portfolio, a 94-site portfolio between two communities. South Haven MHP is a 53-site park in South Haven, MI only minutes away from the beach along Lake Michigan. Shady Oaks MHP is a 41-site park in Muskegon, MI with 23 mobile home sites and 18 apartment units. Both communities are on public utilities and boast below average rents compared to surrounding parks. This offering presents the opportunity to acquire two communities with immediate rental upside.

Investment Highlights

Below Market Rents with Immediate Rental Upside

Current Ownership has Completed Capital Improvements at Both Parks in the Last Two Years

Public Utilities

Ideal Location with Excellent Proximity to the Surrounding Area

Strong Occupancy with Ability to Fill Remaining Vacant Sites

Shady Oaks: Ability To Enhance NOI Through Water & Sewer Recapture

Contact Information

Brian Hummell Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Senior Advisor P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
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