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2209 Spansail Dr - Spansail Court Apartments 48 Unit Apartment Building Offered For Sale Niles, MI 49120
Investment Highlights
- 48-Units Located in the Michiana Region
- Over $250,000 in Recent Capital Expenditures
- Value Add - Majority of Units in Classic Condition
- Excellent Unit Mix – Majority 2-Bed
- New Architectural Shingle Roofs (2020)
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 48 | Year Built | 1980 |
| Property Type | Multifamily | Parking Ratio | 2.45/1,000 SF |
| Building Size | 39,225 SF |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Building Size | 39,225 SF |
| No. Stories | 3 |
| Year Built | 1980 |
| Parking Ratio | 2.45/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $809.00 | 800 |
| 2+1 | 36 | $1,080 | 823 |
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Property Taxes
| Parcel Number | 11-14-5610-0393-01-0 | Total Assessment | $1,186,700 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
11-14-5610-0393-01-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,186,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2209 Spansail Dr - Spansail Court Apartments
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