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St. Clair Landings 3345 Military St 90 Unit Apartment Building For Sale Port Huron, MI 48060
Investment Highlights
- Stainless Steel Appliances, Private Balcony
- Irreplaceable Waterfront Position Providing Direct Views of St. Clair River
- Common Laundry on Each Floor, Fitness Center, Library
- Carports, Elevator
Executive Summary
GREA is pleased to present the opportunity to acquire St. Clair Landings, a 90-unit multifamily community located at 3345 Military Street on the shores of the St. Clair River in Port Huron, Michigan. The property currently operates as a 55+ community and features one- and two-bedroom floor plans with desirable layouts and river views, complemented by community amenities including a fitness center, library, elevator, secured keypad entry, carports, and on-site professional management. St. Clair Landings is being offered well below replacement cost, and is a rare opportunity to acquire a waterfront multifamily property in Michigan.
Port Huron anchors St. Clair County (population ~160,000) at the US-Canada border, with an economy diversified across healthcare, manufacturing, international logistics, and education. The Blue Water Bridge, North America's busiest commercial truck crossing, drives substantial employment and trade activity, while McLaren Port Huron and Lake Huron Medical Center anchor over 11,000 healthcare jobs countywide. The property's waterfront setting, and structural barriers to new supply create a strong cash flow opportunity with embedded organic growth and meaningful downside protection.
Visit our website for more information: https://grea.com/properties/#/st-clair-landings
Port Huron anchors St. Clair County (population ~160,000) at the US-Canada border, with an economy diversified across healthcare, manufacturing, international logistics, and education. The Blue Water Bridge, North America's busiest commercial truck crossing, drives substantial employment and trade activity, while McLaren Port Huron and Lake Huron Medical Center anchor over 11,000 healthcare jobs countywide. The property's waterfront setting, and structural barriers to new supply create a strong cash flow opportunity with embedded organic growth and meaningful downside protection.
Visit our website for more information: https://grea.com/properties/#/st-clair-landings
Property Facts
| Sale Type | Investment | Building Size | 72,000 SF |
| No. Units | 90 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1999 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.04/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 2.80 AC | ||
| Zoning | A2 | ||
| Sale Type | Investment |
| No. Units | 90 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 2.80 AC |
| Building Size | 72,000 SF |
| Average Occupancy | 88% |
| No. Stories | 4 |
| Year Built | 1999 |
| Parking Ratio | 1.04/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | A2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Kitchen
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Clubhouse
- Fitness Center
- Pet Play Area
- Planned Social Activities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 57 | - | 564 |
| 2+1 | 33 | - | 564 - 803 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 06-151-0087-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,713,600 |
Property Taxes
Parcel Number
06-151-0087-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,713,600
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St. Clair Landings | 3345 Military St
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