Multifamily Property for Sale in Three Oaks, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Three Oaks, MI 49128

Description

Hidden Harbor Villas is located in Three Oaks, Michigan, a small but well-positioned community within the broader Michiana region, which spans northern Indiana and southwest Michigan. The area benefits from proximity to the South Bend– Mishawaka MSA, serving as a commuter-oriented residential node that captures housing demand from regional employment centers while maintaining a lower density, suburban living environment. Three Oaks sits within Berrien County, a market supported by a diversified regional economy anchored by higher education, healthcare, manufacturing, and logistics. Major employers within a short commute include the University of Notre Dame, Beacon Health System, AM General, and multiple advanced manufacturing and distribution facilities located throughout St. Joseph County, Indiana. This regional employment base supports steady workforce housing demand, particularly for renters seeking affordability relative to core urban submarkets. In addition to employment accessibility, the area benefits from limited new multifamily development, modest population growth, and strong natural barriers to oversupply. Three Oaks is located near Lake Michigan’s shoreline communities and regional recreational assets, which further support housing demand without introducing the volatility typically associated with seasonal or tourism-driven markets. As a result, the submarket has historically maintained stable occupancy levels and exhibits characteristics aligned with long-term, needs-based rental demand. Investment Highlights: • 48 Apartment Units Located in Three Oaks, Michigan • Eight New-Construction Units • Low Submarket Vacancy - 4.2 Percent • Limited to Zero Immediate Area Competition • Property Currently 100 Percent Occupied

Market Context

This multifamily in Three Oaks, MI is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 67 days. Compare it against other multifamily listings for sale in Three Oaks, MI — <a href="/search/sale/multifamily/michigan/three-oaks">view the full market</a>.

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