323 Total Lots Multi-Family FOR SALE


Union Grove, WI
$25,000,000 USD
513-300-0763
, Union Grove, WI for Sale
$25,000,000 USD
Multi-Family - FOR SALE
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323 Total Lots
Union Grove, WI


OVERVIEW

BWE Investment Sales LLC (BWE) is pleased to offer the exclusive opportunity to acquire the Wisconsin MHC 2-Park Portfolio, 323 total lots across 2 communities in Union Grove, Wisconsin. The long time family owned and operated portfolio consists of Harvest View MHC (194 lots) and Hickory Haven (129 lots), which are just 7 minutes (4.8 miles) from each other via WI-11 West. Wisconsin MHC 2-Park Portfolio is approximately 33 miles from Milwaukee and 72 miles from Chicago. The communities are serviced by well, wastewater treatment plant, and curbside trash, all included in rent. The majority of the unit mix, 94%, is made up of tenant owned homes with an average lot rent of $493 across the portfolio. The rents are notably low compared to the many communities in a 45 minute radius with lot rents between $700-$900. We are looking for an investor who can continue to maintain and improve the quality of the communities for the residents while also implementing their business plan and hitting their proforma projections needed. Union Grove and the surrounding villages are perfectly located in the suburbs of Milwaukee, Racine, and Kenosha and have recently had a massive $3.3B investment from Microsoft to develop a data center just 3 miles from Harvest View and Hickory Haven. This development will continue to drive growth in the market, therefore allowing investors to capture the upside in this deal. This opportunity also comes with additional acreage in Harvest View that potentially can be permitted for expansion of the community. With the help of MJ Vukovich and his debt team, we are assuming that the buyer will successfully obtain agency financing among purchase and are asking investors to submit offers at or above $25,000,000.

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Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.