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188-202 Hubbard St
Mount Clemens, MI 48043
Barwin Place Apartments · Multifamily Property For Sale
·
48 Units
Property Facts
| No. Units | 48 | Building Size | 26,904 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | B | Parking Ratio | 2.86/1,000 SF |
| Lot Size | 2.37 AC | ||
| Zoning | RM-2 | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.37 AC |
| Building Size | 26,904 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 2.86/1,000 SF |
| Zoning | RM-2 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
About 188-202 HUBBARD ST , MOUNT CLEMENS, MI 48043
The 48 unit Barwin Place Apartments were built in 1969 and consist of garden-style apartments constructed of brick with a high-pitched roof. The property contains a very attractive unit mix of four 500 ft.2 studio units, twenty-four 650 ft.2 one-bedroom units and twenty 800 ft.2 two–bedroom units. Notable for investors is the excellent condition of this asset and the numerous upgrades it’s received, such as four new hot water heaters, 48 new American Standard-Cadet 3 toilets, 8 new front and rear entry doors, 4 new mailboxes, exterior painting for all 4 buildings, new hall ceilings light fixtures throughout and numerous unit upgrades including 46 wall sleeves for the air conditioning units, approximately 7 a/c units, 5 refrigerators and 5 stoves replaced per year. Barwin Place Apartments currently has 20-units that are on a project based Section 8 contract. The current contract runs through April 2033. There are an additional 8-units on Section 8 vouchers, bringing the total number of subsidized units to 28. The utility breakdown of this property includes tenant-paid electricity and heat with electric-baseboard heating. Water, sewer and hot water at the property are the responsibility of the Landlord.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $427.00 | 500 |
| 1+1 | 24 | $575.00 | 650 |
| 2+1 | 20 | $632.00 | 800 |
Property Taxes
| Parcel Number | 05-11-10-428-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,201,300 |
Property Taxes
