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Hidden Harbor Villas 305 Locust St W 48 Unit Apartment Building For Sale Three Oaks, MI 49128
Investment Highlights
- 48 Apartment Units Located in Three Oaks, MI
- Low Submarket Vacancy - 4.2%
- Property Currently 100% Occupied
- 8 New-Construction Units
- Limited to Zero Immediate Area Competition
Executive Summary
Hidden Harbor Villas presents a rare investment opportunity in the heart of the Michiana region. This 48-unit apartment complex in Three Oaks, Michigan, benefits from an established residential enclave supported by a diversified regional economy. Situated minutes from the South Bend–Mishawaka MSA, the property attracts steady renter demand from major employment drivers including higher education, healthcare, manufacturing, and logistics industries. Nearby anchors include the University of Notre Dame, Beacon Health System, and AM General, enhancing workforce stability and supporting long-term, needs-based rental housing.
Recently upgraded with eight newly constructed units, this asset offers modern appeal in a submarket noted for low vacancy rates and limited new multifamily competition. The property encompasses multiple two-story buildings on a 4.7-acre site, creating an attractive living environment with suburban conveniences and proximity to Lake Michigan’s shoreline communities. The area combines commuter accessibility with natural demand generators such as recreational amenities and regional lifestyle appeal, ensuring consistent occupancy while mitigating the volatility often seen in tourism-dependent markets.
Investors are afforded the opportunity to acquire a stabilized asset with current full occupancy, minimal market competition, and enduring fundamentals, positioning Hidden Harbor Villas as a compelling addition to any multifamily portfolio.
Recently upgraded with eight newly constructed units, this asset offers modern appeal in a submarket noted for low vacancy rates and limited new multifamily competition. The property encompasses multiple two-story buildings on a 4.7-acre site, creating an attractive living environment with suburban conveniences and proximity to Lake Michigan’s shoreline communities. The area combines commuter accessibility with natural demand generators such as recreational amenities and regional lifestyle appeal, ensuring consistent occupancy while mitigating the volatility often seen in tourism-dependent markets.
Investors are afforded the opportunity to acquire a stabilized asset with current full occupancy, minimal market competition, and enduring fundamentals, positioning Hidden Harbor Villas as a compelling addition to any multifamily portfolio.
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 4.72 AC |
| No. Units | 48 | Building Size | 43,220 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1982 |
| Building Class | C | Parking Ratio | 2.2/1,000 SF |
| Zoning | R - Residential | ||
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.72 AC |
| Building Size | 43,220 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 2.2/1,000 SF |
| Zoning | R - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Refrigerator
- Range
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Playground
- Property Manager on Site
- Trash Pickup - Curbside
- Maintenance on site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $1,247 CAD | 850 |
| 2+1 | 18 | $1,840 CAD | 770 - 950 |
| 3+1 | 10 | $2,326 CAD | 1,000 - 1,100 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 11-47-0010-0077-11-8 | Total Assessment | $1,264,925 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
11-47-0010-0077-11-8
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$1,264,925 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026 Payable 2026
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Hidden Harbor Villas | 305 Locust St W
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