
Property Snapshot
200
Units
1995
BUILT
25
Buildings
2
Stories
30.20 Acres
Site Size / Acreage
207,514 SF
SF
1,038 SF
Average SF
520 spaces
Total Parking
The Asset
The Orion offers a remarkable investment opportunity with its 200-unit property located in the highly sought-after Orion Township, MI. Surrounded by beautiful landscaping and a wealth of nearby activities, this site was constructed in 1995 and features spacious one-, two-, and three-bedroom floor plans, each averaging over 1,000 square feet. Residents can enjoy a premium amenity package that includes a fitness center, playground, covered parking, and a community clubhouse with a relaxing sundeck, sparkling pool, and picnic/BBQ area. This pet-friendly community features one, two, and three-bedroom apartments with modern amenities such as white shaker cabinets, brushed nickel hardware, granite-style countertops, and in-unit washers and dryers. Residents enjoy open-concept floor plans with breakfast bars, digital thermostats, sleek appliances, and private entrances.
Situated in Oakland County, which is home to 1.3 million residents and ranks among the top 10 most affluent large counties nationwide, The Orion is strategically positioned. The area hosts major employers such as Corewell Health Systems (17,900 employees), Fiat Chrysler (12,560 employees), and General Motors (9,240 employees), with 74% of the workforce in white-collar positions. Oakland County remains a highly desirable place to live, consistently receiving high ratings from global news sources. This positions The Orion perfectly to capitalize on the strong growth momentum in Southeast Michigan.
Amenities
- Central Air Conditioning
- Private Entrance
- Fully Equipped Kitchen
- Stainless Steel Appliances
- White Shaker Cabinetry with Brushed Nickel Hardware
- Tile Backsplash*
- Granite Countertops
- Breakfast Bar
- Walk-In Closets
- In-Unit Full-Sized Washer / Dryer
- 24-Hour Fitness Center
- Dog Park
- Swimming Pool with Sundeck
- Clubhouse
*In Select Units
Investment Highlights
DESIRABLE LAKE ORION SCHOOL DISTRICT
The portfolio marks a strategic expansion into the Indiana market, focusing on Kokomo, with 396 sites in the city proper. There are 2 communities within 30 minutes of Kokomo, adding another 181 sites. The concentration of sites allows for economies of scale, operational efficiencies, and a competitive market advantage. The acquisition of these communities is an opportunity to own a significant number of the total manufactured housing sites within the area.
PROVEN VALUE-ADD OPPORTUNITY
There is substantial rental upside through the strategic leasing of vacant park-owned homes. These homes present an immediate opportunity to increase occupancy rates and generate additional rental income. Current ownership brought in 96 brand new park-owned homes (2023 or newer) and filled 89 of them, leaving 7 new homes left to fill. Additionally, there are 115 pre-owned, vacant homes. By filling only half of the vacant inventory homes, occupancy would increase to 87%, boosting ERI by $350k at the current lot rent rates. The increased occupancy not only improves revenue but also strengthens community stability and appeal. This proactive approach to utilizing vacant homes positions the investment for significant growth and profitability.
HIGHLY DESIRABLE RENTAL MARKET OAKLAND COUNTY
PROXIMITY TO I-75
PROXIMITY TO GREAT LAKES CROSSING MICHIGAN’S LARGEST MALL
SPACIOUS FLOOR PLANS WITH PRIVATE ENTRANCES
THE LOCATION
contact us
Detroit Office
260 East Brown Street, STE 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
Investment Sales - Multifamily
Jason Krug
Senior Managing Director
248.341.3344
[email protected]
Kevin P. Dillon
Senior Managing Director
248.341.3309
[email protected]
Corey Krug
Senior Director
248.341.3338
[email protected]
Rick Brace
Senior Director
248.341.3319
[email protected]
Conor David
Director
248.535.5773
[email protected]
EJ Wujek
Associate Director
248.341.3316
[email protected]
Mortgage Banking
Aaron Moll
Senior Managing Director – Student Housing
248.208.0529
[email protected]
Alex Bonda
Director
248.208.0533
[email protected]
Luke Sefranek
Senior Director
248.208.3466
[email protected]
Trevor Friday
Director – Student Housing
248.224.4660
[email protected]

2000 Elmhurst Cir | Orion Twp, MI 48359
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