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246 N Peters St
Milford, MI 48381
Pine River Apartments · Multifamily Property For Sale
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12 Units
Property Facts
| No. Units | 12 | Building Size | 7,800 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 2/1,000 SF |
| Lot Size | 1.36 AC | ||
| Zoning | RM-1, Milford | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.36 AC |
| Building Size | 7,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RM-1, Milford |
About 246 N PETERS ST , MILFORD, MI 48381
Built in 1968, Pine River is a ranch-style building consisting of 12 units. The property contains a desirable unit mix of 8, one-bedroom units (550 ft.2) with a rental rate of $675, and 4 two-bedroom units (800 ft.2) with a rental rate of $800. Notable for investors is the current and historic occupancy, which is currently at 100% and has performed between 95%-100% occupancy for many years. Pine River is outfitted with a Landlord-paid, hot-water baseboard heating system and the electricity is separately metered. Amenities at the property include on-site laundry and ample parking.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 550 |
| 2+1 | 4 | - | 850 |
Property Taxes
| Parcel Number | 16-10-253-013 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $363,380 |
Property Taxes
Parcel Number
16-10-253-013
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$363,380
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