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Cattail Lane Townhomes 711 Cattail Ln 12 Unit Apartment Building $2,850,000 ($237,500/Unit) Pinckney, MI 48169
Investment Highlights
- 6 duplexes with an average lot size of 1.14 acres
- Average rents are estimated to be approximately 35% to 40% below the cost of comparable single-family homeownership within the Livingston County
- 3 bedroom 2 bath townhome residences with attached private garages
Executive Summary
The 12-unit Village Commons townhome community in Livingston County is offered in combination with the apartments at 240 Park Street, located approximately one mile away, creating a 44-unit multifamily investment opportunity.
Village Commons consists exclusively of three-bedroom, two-bath townhomes featuring attached garages, private entrances, and in-unit laundry. The community is currently 100% occupied. Average rents are estimated to be approximately 35% to 40% below the cost of comparable single-family homeownership within the Livingston County market, supporting continued rent growth and long-term demand from residents seeking the space and privacy of a home at a more attainable monthly cost.
Village Commons consists exclusively of three-bedroom, two-bath townhomes featuring attached garages, private entrances, and in-unit laundry. The community is currently 100% occupied. Average rents are estimated to be approximately 35% to 40% below the cost of comparable single-family homeownership within the Livingston County market, supporting continued rent growth and long-term demand from residents seeking the space and privacy of a home at a more attainable monthly cost.
Property Facts
| Price | $2,850,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $237,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 6.85 AC |
| No. Units | 12 | Building Size | 12,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2023 |
| Zoning | RS-4 | ||
| Price | $2,850,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 6.85 AC |
| Building Size | 12,000 SF |
| No. Stories | 2 |
| Year Built | 2023 |
| Zoning | RS-4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 12 | - | 1,434 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,000,986 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,000,986
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Cattail Lane Townhomes | 711 Cattail Ln
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