1723 Cranberry Lake Cir 203 Unit Mobile Home Park $5,690,000 ($28,030/Unit) Saginaw, MI 48609

Jennifer Stein Real Estate, Inc, is proud to presents Thomas Crossings for sale. Thomas Crossings is a premier manufactured home community situated on a sprawling 60-acre parcel in the vibrant city of Saginaw, Michigan. This exceptional property represents a unique, institutional grade value-add and development opportunity, ideally suited for investors seeking to capitalize on the growing demand for affordable housing in a high quality living environment.

• Community Overview
Total Land Area: 60 acres
Current Development: Phase 1 completed
Current Occupancy: 28 homes on 42 available pads
20 park-owned homes
8 tenant-owned homes
Vacant Pads: 14 pads ready for infill
Municipal water and sewer throughout
Paved roads, sidewalks and driveways
• Development Potential
Thomas Crossings is designed with a master development plan that includes three phases. With Phase 1 near stabilization, the remaining phases offer significant expansion potential:
Phase 2 and 3: Ready for development Additional Pads: Approximately 161 pads, bringing the total to 203 pads upon completion Infrastructure: City water and sewer, wide paved streets, ample lighting, sidewalks, and scenic ponds
• Community Features
Clubhouse: A 3,400 sqft, block and brick-built clubhouse with numerous parking spots, serving as a central hub for residents Landscaping: Well-maintained grass, trees, shrubs, and beautiful ponds enhance the aesthetic appeal and livability of the community• Financial Highlights
Lot Rent: $400 per month
Projected Property Value (Lot Rent Only): Over $20 million upon full
stabilization and occupancy
Additional Value: Potential increase with park-owned home income
and new home sales
• Ownership and Development History
The current owner, who acquired the land in 2004, has meticulously developed the property over the years. With a background in excavation and general contracting, the owner has progressively built up Thomas Crossing during slower periods in his primary
business, ensuring a high-quality and thoughtfully planned community.
• Investment Opportunity
This is the first time Thomas Crossings is being offered for sale since its acquisition 20 years ago. The property represents an institutional-quality asset with significant upside potential through continued development and infill. Investors have the opportunity to
complete the remaining phases, fully stabilize the community, and realize substantial returns in a market with strong demand for affordable housing
• Conclusion
Thomas Crossings offers a compelling investment opportunity with its blend of existing infrastructure, expansion potential, and desirable location in Saginaw, Michigan. With its high-quality amenities, modern infrastructure, and strategic development plan, Thomas Crossings is poised to become a leading manufactured home community, delivering both immediate and long-term value for its new owners.