531 N Pine River St | Ithaca, MI 48847
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531 N Pine River St
Ithaca, MI 48847
Starlight Apartments · Multifamily Property For Sale
·
28 Units
INVESTMENT HIGHLIGHTS
- Below Market Rents- 100% Occupied with a waiting list
- New roofs on 2 out of 3 buildings
- Potential to Increase Other Income- Common area laundry has hook-ups but no current laundry machines onsite
- Individual entrances, patios, and decks in some units
PROPERTY FACTS
| No. Units | 28 | Building Size | 24,850 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1975/2022 |
| Building Class | B | Parking Ratio | 2.37/1,000 SF |
| Lot Size | 2.38 AC | ||
| Zoning | Commercial - Multifamily | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.38 AC |
| Building Size | 24,850 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2022 |
| Parking Ratio | 2.37/1,000 SF |
| Zoning | Commercial - Multifamily |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Patio
SITE AMENITIES
- Laundry Facilities
- Maintenance on site
PROPERTY TAXES
| Parcel Number | 52-654-064-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $650,100 |
PROPERTY TAXES
Parcel Number
52-654-064-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$650,100
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