LAKEVIEW ESTATES & INDIAN HILLS

MICHIGAN

Indian Hills
Indian Hills
Indian Hills
Indian Hills
Indian Hills
Lakeview Estates
Lakeview Estates
Lakeview Estates
Lakeview Estates

Investment Highlights

  • Opportunity to Acquire Two Manufactured Housing Communities Containing a Total of 668 Sites
     

  • All-Age Communities Located Within 30 Minutes of One Another
     

  • Below Market Rents
     

  • Global Occupancy of 57 Percent Providing A New Investor the Opportunity to Implement an Aggressive Sales Program
     

  • Well Positioned Within Their Markets

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Property Overview

Institutional Property Advisors, a Division of Marcus & Millichap, is pleased to present the opportunity
to acquire two manufactured housing communities located in Michigan. The offering contains Lakeview
Estates and Indian Hills, both all age communities consisting of 668 total sites. Between the two
communities, there are only 45 park owned homes (13 at Lakeview Estates and 32 at Indian Hills).


Lakeview Estates, a 239 site manufactured housing community located in Durand, Michigan. The
community is conveniently situated near Interstate 69 providing immediate access to an ample amount of
shopping and restaurants. There is a Kroger and Meijer located within a 15 minute drive. Lakeview Estates is currently 68 percent occupied with below market rents.


Indian Hills, located in Flint, Michigan and only 30 minutes from Lakeview Estates, consists of 429
sites that are currently 48 percent occupied. The community is conveniently located in Genesee County providing easy access to shopping, banking and recreational parks. With C S Mott Lake within one mile of Indian Hills, tenants can enjoy the convenience of bike trails, going fishing, boating, sailing, etc. Courtland Center Mall is located within 15 minutes of the community which also includes a Home Depot, Aldi, and Big Lots across the street.


Due to the close proximity of the portfolio, a new investor can enjoy economic efficiencies through
management and maintenance consolidation and implement an aggressive home sales program to increase
occupancy.

Listed By:

Jonathon McClellan

(216) 264-2023

Jonathon.McClellan@marcusmillichap.com

Kyle Baskin

(216) 264-2059

Kyle.Baskin@marcusmillichap.com

Michael DiCillo

(216) 264-2034

Michael.DiCillo@marcusmillichap.com

Anthony Palumbo

Broker of Record - Pennsylvania

(215) 531-7000

License RM423958

GET IN TOUCH:

SOCIAL LINKS:

Jonathon McClellan
Senior Managing Director Investments

Jonathon.McClellan@marcusmillichap.com

(216) 264-2023

Kyle Baskin

Senior Managing Director Investments

Kyle.Baskin@marcusmillichap.com

(216) 264-2059

Jacqueline Sawchik

Executive Assistant | Marketing Coordinator

Jacqueline.Sawchik@marcusmillichap.com

(216) 264-2062

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