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9420-9430 E M-21
Ovid, MI 48866
Multifamily Property For Sale
·
20 Units
PROPERTY FACTS
| No. Units | 20 | Building Size | 9,904 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 4.04/1,000 SF |
| Lot Size | 3.19 AC | ||
| Zoning | C | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.19 AC |
| Building Size | 9,904 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 4.04/1,000 SF |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Patio
ABOUT 9420-9430 E M-21 , OVID, MI 48866
Two, two-story buildings on 3.19 acres. 20 units; each is two-stories, 2 bedroom, 1.5 baths. All units have full kitchen, air conditioning and patio. On-site laundry in each building. No deferred maintenance, new facade in 2019, new roof in 2018 and new windows in 2017. Units are fully occupied with waiting list. Apartments are conveniently located to multiple growing communities and 20-30 minutes from Lansing. New $555M dairy processing center expected to open in 2020 and bring nearly 300 jobs to the area. Financials available upon request. 7.5% CAP rate with rents below market value. This is a great value-add opportunity.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 20 | - | - |
PROPERTY TAXES
| Parcel Number | 580-013-000-071-00 | Improvements Assessment | $196,100 |
| Land Assessment | $42,200 | Total Assessment | $238,300 |
PROPERTY TAXES
