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- LoopNet Team
6719-6721 Quinn St
Muir, MI 48860
Marsh Ridge Apartments · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Long-Term Cash Flow
- 10+ Acres for Future Development
- Newly Built Asset
- 100% Occupied
PROPERTY FACTS
| No. Units | 16 | Building Size | 13,420 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2002 |
| Building Class | B | Parking Ratio | 2.38/1,000 SF |
| Lot Size | 10.23 AC | ||
| Zoning | Residential | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 10.23 AC |
| Building Size | 13,420 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2002 |
| Parking Ratio | 2.38/1,000 SF |
| Zoning | Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Storage Space
- Washer/Dryer
- Heating
- Carpet
- Deck
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
- Window Coverings
ABOUT 6719-6721 QUINN ST , MUIR, MI 48860
Marsh Ridge Apartments is a pristine garden style apartment building set in the farm town of Muir, MI. Marsh Ridge was built in 2002, and since then, it has experienced a high standard of up-keep, making it an excellent turn-key property. Within the developed building, there are 16 units, 12 of which are 2-Bed, 1.5 Bath, and 4 of which are 1-Bed, 1 Bath. With ease, the lessee receives one assigned garage space, which is an exceptionally attractive feature to make it stand out against competitors. Being that the building is less than 20 years old, the roof, boilers, windows, doors, and other major items are in fantastic condition. In particular, the boilers are very efficient as evidenced by the natural gas cost for heat and hot water of less than $20 a month per unit. The owner pays for water, trash, and gas while the tenant pays electricity. Marsh Ridge consists of 16-condominiums that are operated as apartments, with each unit having its own parcel number. The property sits on more than 10 Acres of land that is primed for development. This land can be utilized to develop up to 112 more units or 7 more buildings of 16-units each.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $825.00 | 687 - 842 |
| 2+2 | 12 | $862.50 | 842 - 941 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $600,500 | |
| Land Assessment | $0 | Total Assessment | $600,500 |
PROPERTY TAXES
