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Capstone Manufactured Housing is pleased to present the Michigan Portfolio. This offering features 222 sites across four communities, each strategically located in a metro area in the state. Michigan’s economic growth has seen positive trends in recent years, with a focus on diversification and innovation. The economy has historically been closely tied to the automotive industry, as it is home to major automobile manufacturers and suppliers. However, the state’s economy has expanded over the years, with significant contributions from sectors such as manufacturing, healthcare, technology, and tourism. Although each community is located in different MSAs, the communities farthest from one another are only two hours apart, allowing for shared staffing. Furthermore, the Michigan portfolio features two rental upside opportunities in vacancy and rents. The portfolio is currently 82% occupied, with approximately 42 vacant lots to fill. Filling these lots would bring in an additional $241,000 of income. Additionally, three out of the four parks showcase lot rents that are over $100 below market. Both opportunities allow a new owner to tremendously increase cash flow in the first year of the investment. This offering presents the opportunity to acquire a mid-sized portfolio in Michigan, with rental upside and utilities paid by the residents.

Investment Highlights:

Water, Sewer, and Trash Paid by Residents

Upside in Filling 42 Vacant Lots

Communities Located Within 2 Hours of One Another

Below-Market Rents


  • State/county Michigan

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