Cushman & Wakefield's Manufactured Housing Group is pleased to present the exclusive listing of Carlton Heights a manufactured housing community in Sturgeon Bay, WI. The Park consists of 43 Tenant-Owned homes, and 1 Single- Family Home. The Park offers investors the compelling opportunity to acquire a value-add community with demonstrated rent increases and the ability to immediately raise revenue.
Carlton Heights is located in beautiful Sturgeon Bay, named one of the top 10 happiest Seaside Towns in the U.S. by Coastal Living Magazine. The community is situated between vineyards, is less than 2 miles from the shore of Lake Michigan. Door County offers more miles of shoreline, one of the highest concentrations of lighthouses and 5 state parks, more than any other county in Wisconsin. The area offers a wide variety of outdoor recreation and is also known for its art galleries and performing arts
A significant portion of the housing supply in Door County, is occupied on a seasonal basis, leading to a greater need for workforce and seasonal housing for workers in the area's booming tourism industry. Housing prices in Door County have increased 23% in the past 24 months.
Sturgeon Bay, WI 54235
Cushman & Wakefield’s Manufactured Housing Group is pleased to present the exclusive listing of Milam Bridge a manufactured housing community in Euharlee, GA 40 miles northwest of Downtown Atlanta. The Park consists of 35 Park-Owned homes, 4 RV Pads, and 1 Single-Family Home. Milam Bridge is a professionally managed and stabilized asset with historically minimal turnover. The Park offers investors the compelling opportunity to acquire a value-add community with demonstrated rent increases. Current ownership has completed several recent renovations capturing for strategic rent increases and proven-value add premiums.
Nearly all of the homes in Milam Bridge are park-owned and occupied by long-term residents demonstrating keen desire to own their units. Future ownership is afforded a rare opportunity to gradually roll over to tenant-owned-homes through a Rent-to- Own program. This conversion will significantly reduce maintenance and operating costs, while allowing for long-term lot rent leases with consistent escalations.
Located less than 50 miles from Downtown Atlanta, the exurb of Bartow County has experienced a 23% year-over-year increase in median home prices since last April eliminating crucial affordable housing options in the MSA. Upward pressure on both conventional apartment rents and home prices, bodes well for future rent increases and rent-to-own initiatives at Milam Bridge.
Atlanta, GA MSA has grown 10.9%% since the end of 2019 and now has over 6,000,000 people. The state’s population has grown 7.8% from the end of 2019 and now has almost 11 million residents (8th most populated state). Milam Bridge MHP is being offered as a value-add investment with an entry cap rate of 4.9%, and the immediate opportunity to both reduce operating expenses and raise rents/transition to resident owned homes.
Euharlee, GA 30120