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861 E Michigan Ave
Marshall, MI 49068
The Meadows on Michigan Avenue · Multifamily Property For Sale
·
80 Units
Investment Highlights
- Substantial year-over-year income growth
- 44 upgraded units - with significant demand for upgraded units remaining
- Numerous Capital Improvements
- Excellent Marshall location along Michigan Avenue
Property Facts
| No. Units | 80 | Building Size | 61,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1964/2020 |
| Building Class | C | Parking Ratio | 1.37/1,000 SF |
| Lot Size | 3.01 AC | ||
| Zoning | MFRD | ||
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.01 AC |
| Building Size | 61,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2020 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | MFRD |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Package Service
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $580.00 | 350 |
| 1+1 | 53 | $792.50 | 700 - 850 |
| 2+1 | 17 | $865.00 | 950 |
| 2+2 | 6 | $960.50 | 1,050 |
Property Taxes
| Parcel Number | 53-003-700-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $26,600 |
Property Taxes
Parcel Number
53-003-700-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$26,600
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