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Headwaters Dr
Traverse City, MI 49686
The Brigantine · Multifamily Property For Sale
·
192 Units
Investment Highlights
- "Shovel Ready" development in the most desirable rental market in Northern Michigan.
- Traverse City, MI MSA - market occupancy rate of 93.2%.
- Delivered free and clear of existing debt.
- Exceptional market metrics.
- Traverse City, MI MSA - rent vs. own wallet share of 30.3% to 47.1%.
Property Facts
| No. Units | 192 | Lot Size | 38.57 AC |
| Property Type | Multifamily | Construction Status | Abandoned |
| Property Subtype | Apartment | Building Size | 200,628 SF |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | B | ||
| Zoning | MDR - Moderate Density Residential | ||
| No. Units | 192 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 38.57 AC |
| Construction Status | Abandoned |
| Building Size | 200,628 SF |
| No. Stories | 3 |
| Zoning | MDR - Moderate Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Pool
- Basketball Court
- Storage Space
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 66 | $1,770 | 854 - 964 |
| 2+1 | 18 | $1,734 | 1,020 |
| 2+2 | 96 | $1,902 | 1,119 |
| 3+2 | 12 | $2,063 | 1,375 |
Property Taxes
| Parcel Number | 03-220-049-50 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $633,200 |
Property Taxes
Parcel Number
03-220-049-50
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$633,200
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