2836 East Biscayne Drive, Bay City, MI 48706 For Sale

*The seller is not interested in holding paper or creative financing.*

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.

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.