1723 Cranberry Lake Cir Saginaw, MI 48609

Thomas Crossings, a premier 60-acre mobile home community in Saginaw, Michigan (48609), is available for $5,750,000. Currently featuring 28 homes on 42 available pads (20 park-owned, 8 tenant-owned), this property offers significant expansion potential. Phase 1 is nearing stabilization, with 14 pads ready for immediate infill. Phases 2 and 3 offer an additional 161 pads, bringing the total to 203 upon completion. The community boasts municipal water and sewer, paved roads, sidewalks, and a 3,400 sq ft clubhouse. Well-maintained landscaping, including scenic ponds, enhances the community's aesthetic appeal. Current lot rent is $400 per month, projecting a property value exceeding $20 million upon full occupancy. This represents a unique value-add opportunity, with potential for increased income from park-owned homes and new home sales. The property has been meticulously developed over two decades, showcasing high-quality construction and thoughtful planning. This is the first time the property has been offered for sale since its initial acquisition, presenting a rare chance to acquire an institutional-quality asset with substantial upside potential in a market with strong demand for affordable housing. The existing infrastructure and strategic development plan position Thomas Crossings for long-term value and significant returns. The property is located at 1723 Cranberry Lake Cir, Saginaw, MI 48609.