= Required Field.

Already a Member?

Email Address:

Password:

Re-Enter Password:

First Name:

Last Name:

Country:

Zip/Postal Code:

Ext.

Day Phone:

Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers.

No Thanks.

By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

We will NOT share your email address.
View Our Privacy Policy.

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Select a Property Type

You may enter a US or Canadian location in the following formats:

Zip Code
City, State
State

For additional search options, go to Advanced Search Advanced Search Advanced Search.

e.g. Los Angeles, CA or 91016

Advanced Search

Browse More Listings in Multifamily For Sale, Allendale, MI or Michigan

Multifamily Property For Sale

Martin House Apartments

6726 Mista Dr, Allendale, MI 49401

Price:
$1,995,000
No. Units:
45
Building Size:
44,000 SF
Price/Unit:
$44,333.33
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Occupancy:
100%
No. Stories:
2
Year Built:
1986
Lot Size:
20.41 AC
Find Out More...

Last Verified 10/23/2009 Listing ID 16284953

Highlights

Great rental History
Ponds, Landscaped
Condo conversion potential for upside.

Site is not fully built out giving the buyer a source of wealth creation!

Description

Investment opportunity! (NOT student housing) Great rental history- 44 unit apartments, 2-eight plex buildings, 3-four plex buildings, 2-eight unit townhomes and owners residence. 1 or 2 story buildings. Live on site and manage your investment. Excellent potential for eventual condo conversion for tremendous upside. Landscaped, ponds, in wall A/C units in each apartment, built 1986-1995. Apartments are 800 SF each, townhomes and 4 families are 1,100 SF each. Total SF is approximate. Located on 20.4 acres. Land contract is possible.

M-45 in Allendale to 64th St (by new Family Fare Plaza), turn South 1/4 Mile, turn R (West) on Mista Dr

Unit Mix Information

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
Brick garden style apartments	16	$525	800
Condo style apts w/ addl walkout sf	28	$700	1,050
Single family home	1	1,200	1,050

Map of 6726 Mista Dr, Allendale, MI 49401 (Ottawa County)

Hide Map

Contact Listing Broker to find out more details.

Request additional information

Contact Listing Broker

Track changes to this property: Watch This Property
Share this listing: Send to Friend; Link to This Listing

Link
Copy the link above and share via email or IM.; Embed This on Your Web Site; Share on Facebook; Share on LinkedIn; Share on Twitter
Additional Options: Print Listing; View Map; Demographics; Research Price; Get Financing

Created 6/18/2009

Additional Information for 6726 Mista Drive, Allendale, MI 49401

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 6726 Mista Dr, Allendale, MI 49401

Nearby Multifamily properties for saleSearch all commercial real estate for sale

10939 64th Avenue
$815,000
18 Units

Nearby Recently Sold Multifamily propertiesSearch all recently sold commercial real estate

Mid/High-Rise
Sold 1Q 2005

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Embed this Listing on Your Website

Multifamily Property For Sale - Martin House Apartments

6726 Mista Dr, Allendale, MI, 49401