GREA is pleased to present the opportunity to acquire St. Clair Landings, a 90-unit multifamily community located at 3345 Military Street on the shores of the St. Clair River in Port Huron, Michigan. The property currently operates as a 55+ community and features one- and two-bedroom floor plans with desirable layouts and river views, complemented by community amenities including a fitness center, library, elevator, secured keypad entry, carports, and on-site professional management. St. Clair Landings is being offered well below replacement cost, and is a rare opportunity to acquire a waterfront multifamily property in Michigan.
Port Huron anchors St. Clair County (population ~160,000) at the US-Canada border, with an economy diversified across healthcare, manufacturing, international logistics, and education. The Blue Water Bridge, North America's busiest commercial truck crossing, drives substantial employment and trade activity, while McLaren Port Huron and Lake Huron Medical Center anchor over 11,000 healthcare jobs countywide. The property's waterfront setting, and structural barriers to new supply create a strong cash flow opportunity with embedded organic growth and meaningful downside protection.
Visit our website for more information: https://grea.com/properties/#/st-clair-landings