Genesee Forest Estates

<p>*The seller is not interested in holding paper or creative financing.​*</p><p></p><p><span style="color: rgba(0,0,0,var(--O42jJQ,1))">Sunstone Real Estate Advisors is pleased to present the opportunity to acquire the Central Michigan Portfolio, a 120-site manufactured housing portfolio comprised of Bay City MHP and Midland MHP, located approximately 20 miles apart in Michigan's Great Lakes Bay Region.​ The portfolio currently contains 67 tenants, sitting at approximately 56% occupancy.​ With 61 resident occupied homesites, 31 community-owned homes (5 occupied and 26 vacant), one lease-to-own home, one single-family home, and 26 vacant lots, providing a combination of stable in-place cash flow and significant lease-up potential.​ Both communities are served by public utilities and benefit from tenant-paid electric service and utility reimbursement programs that help reduce operating expenses.​ The portfolio is strategically located within Bay and Midland Counties, which have a combined population of approximately 185,000 residents and are supported by a diverse economy driven by advanced manufacturing, healthcare, education, and professional services.​ Midland County's median household income exceeds $70,000, further supporting long-term demand for quality, affordable housing.​</span></p><p></p><p><span style="color: rgba(0,0,0,var(--O42jJQ,1))">The investment opportunity is centered on leasing the portfolio's vacant sites and community-owned homes while implementing measured rent growth and operational efficiencies.​ Current average site rents of approximately $445 at Bay City MHP and $390 at Midland MHP remain below comparable market rents, providing a clear path for future revenue growth.​ With substantial infill opportunities, below-market rents, and stable utility infrastructure already in place, the Central Michigan Portfolio offers investors the opportunity to acquire two well-located manufactured housing communities with meaningful upside through continued stabilization and long-term operational improvements.​</span></p>

<p>Value Add Opportunity!!!</p><p>Mobile Home Park in desirable Grayling available for sale!</p><p>Licensed for 49 Lots with its own private utilities, this park is open for homeowners as well as RV sites.​ 9 lots currently occupied by long standing tenants, with 40 available.​ Popular area for vacationers/campers with nearby Hiking, close to Hartwick State Park and Au Sable River! Also neighboring military base with an expectance of 150,000 troops.​</p><p></p><p>With the approved lots, existing tenants and 50 extra acres available there is so much value-add opportunity with this property.​ Perfect for the right visionary!</p>