15027 Brookview Drive
Riverview, MI 48192 ·
300 Units · Multifamily For Sale
Pennbrook Place Apartments
|Building Size||255,750 SF||No. Stories||3|
|Property Type||Multifamily||Year Built||1973|
|Property Sub-type||Garden/Low-Rise||Lot Size||33.28 AC|
|Property Use Type||Investment||Parking Ratio||1.72 / 1,000 SF|
|Listing ID: 13976978||Date Created: 07/29/2004||Last Updated: 09/13/2004|
Good unit mix- 60% of the units have two bedrooms averaging 853 sf per unit. Pennbrook Place is an opportunity to reposition the property due to increased demand for more upscale residential housing. Low price per unit, $38,333. At $45 per square foot, price is below replacement cost. Low density site- 9 units per acre.
Increased traffic and visibility in late 2004 due to the widening of Pennsylvania Road from two lanes to five lanes.
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