Great Lakes Portfolio

Great Lakes Portfolio

Michigan city, MI
Available
  • Property Type: Manufactured Housing
  • Property Size: / 85 Acres / 262 Sites

Overview

Capstone Manufactured Housing is pleased to present the Great Lakes Portfolio. This offering features 262-sites across three communities in the Midwest: Libby Aurora MHP in the Cleveland MSA, Westville Estates in the Michigan City MSA, and Pebble Creek MHP in the Saginaw MSA. The portfolio currently operates at 55% occupancy, and combined with the low lot rents, it creates a significant value-add opportunity for a new owner. By focusing on leasing up the 119 vacant sites or raising rents in line with the market, investors can substantially increase revenue. This offering presents an opportunity to invest in a portfolio with scaled entry into the respective markets, as well as rental upside and value-add opportunities.

Investment Highlights

Upside in Filling Vacancy

Below Market Lot Rents

Proximity to Major MSA’s

Well-Maintained Communities

Scaled Entry into the Midwest

Contact Information

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