The Williamson Manufactured Housing Advisors are pleased to present the rare opportunity to acquire North Morris Estates, a 597 site manufactured home community located in Mount Morris, Michigan. Spanning nearly 85 acres in Genesee County, North Morris Estates has amenities which include a 5,050 square foot clubhouse, an outdoor swimming pool, a new playground set, small pond, covered mailboxes, a dedicated storage area for maintenance supplies and a separate enclosed storage area for residents to store their RV or boat.

Located in Mount Morris of Genesee County, North Morris Estates is located just 10 miles north of Flint, Michigan. Within a 20-mile radius of the community, the population is 460,000 with a median home value of $125,000. Employers in the area consist of General Motors (18 miles), Hurley Medical Center (20 miles) and The University of Michigan- Flint (13 miles). Residents of Mount Morris have convenient access to plenty of affordable grocery, dining, and shopping options such as Kroger, Walmart Supercenter, and Dollar General.

Built in 1968 to help accommodate the large workforce housing demand in the area, the community was efficiently built in a grid pattern to maximize the density and home placement allowing 7 homes per acre. The developer spared no expense on the infrastructure which consists of asphalt roads, concrete pads for both single and multi-section homes, off street concrete parking spaces for two and concrete curbs. The current operator has committed and deployed over $620,000 in capital improvements over the past 8 months. More than $175,000 for 2.5” of base paved roads, $142,000 to demolish 57 homes, $58,000 for pier installations at 21 sites, $55,000 for 20 concrete foundations for new homes, $54,000 for new playground equipment, $31,000 to renovate four existing homes and $30,000 for new street signs, tree removal and general landscaping. Additionally, over $80,000 in upgrades were made to support the existing well system such as a new well house enclosure ($21K), two new backup generators and HVAC systems ($59k).

North Morris Estates MHC is a rare value add opportunity offered at below replacement costs. A new operator will experience a drastic increase in top line revenue in year one by bringing in and leasing up 40 new homes on the newly approved pads. Execute on infilling and leasing four new homes per month or more per year to see the fruits of your labor payoff in few short years.