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Eagle Springs Retirement Living 130 Cabela Blvd W 29 Unit Apartment Building $4,500,000 ($155,172/Unit) Dundee, MI 48131
EXECUTIVE SUMMARY
Eagle Springs is a luxury apartment community designed for independent retirement living for seniors, 55 and over. It is located in Dundee, Michigan, which is foundin the southeastern corner of lower Michigan on the western border of Monroe County at the intersection of US 23 and M50. The Michigan/Ohio border is 17 milessouth and Ann Arbor is located 17 miles north.
The property is a one story structure with 29 apartments, 15 of which have one bedroom and 14 with 2 bedrooms. Each unit also has an entrance to the outside, either to the parking area at the front of thebuilding or to a patio facing an open field and woods at the back of the building. In addition to many common areas, there is garage at one end of the building usedfor maintenance storage. The building is located on 5.86 acres land which affords room for expanding the existing structure to accommodate 23 more units.
Historically it has always been 100% occupied with long waiting list. The building is in excellent condition, with a new roof, all new hot water tanks, and the majority of the AC/heating systems rebuilt.
The property is a one story structure with 29 apartments, 15 of which have one bedroom and 14 with 2 bedrooms. Each unit also has an entrance to the outside, either to the parking area at the front of thebuilding or to a patio facing an open field and woods at the back of the building. In addition to many common areas, there is garage at one end of the building usedfor maintenance storage. The building is located on 5.86 acres land which affords room for expanding the existing structure to accommodate 23 more units.
Historically it has always been 100% occupied with long waiting list. The building is in excellent condition, with a new roof, all new hot water tanks, and the majority of the AC/heating systems rebuilt.
PROPERTY FACTS
| Price | $4,500,000 | Building Class | C |
| Price Per Unit | $155,172 | Lot Size | 5.86 AC |
| Sale Type | Investment | Building Size | 36,378 SF |
| No. Units | 29 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2004 |
| Apartment Style | Low-Rise | Parking Ratio | 1.26/1,000 SF |
| Zoning | Senior Housing | ||
| Price | $4,500,000 |
| Price Per Unit | $155,172 |
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.86 AC |
| Building Size | 36,378 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2004 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | Senior Housing |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- High Speed Internet Access
- Refrigerator
- Carpet
- Smoke Free
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Gameroom
- Planned Social Activities
- Trash Pickup - Door to Door
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | 739 |
| 2+1 | 14 | - | 837 |
PROPERTY TAXES
| Parcel Number | 42-014-002-08 | Improvements Assessment | $809,960 |
| Land Assessment | $133,440 | Total Assessment | $943,400 |
PROPERTY TAXES
Parcel Number
42-014-002-08
Land Assessment
$133,440
Improvements Assessment
$809,960
Total Assessment
$943,400
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Eagle Springs Retirement Living | 130 Cabela Blvd W
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