Property profile

2820 Jordan Hills Dr East Jordan, MI 49727

FOR LEASE
Residential land & home lots
Property ID
US43-Q013794
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Property summary

AI-generated overview

10.05 acres hilltop lot in Jordan Hills neighborhood with commanding views of surrounding country side. An unpaved driveway is already cut to the hilltop. Three areas of the property are mostly cleared. One area is logically the homesite. Another area is perfect for an outbuilding. The third area would be perfect fora garden or solar farm. A mature stand of Douglas fir trees may be thinned to provide building materials. An existing 4'' well on the property was utilized by previous owner. These features will help save you tens of thousands of dollars when compared to a heavily forested undeveloped property. According to seller's last check of regulations, the buyer may build an outbuilding before building a residence. Further, according to the association rules, the buyer may camp on property 2 weeks per month. The buyer may also utilize the Douglas Fir stand on a non-commercial basis to create logs or lumber for construction. Seller is not a tree expert but understands a professional grading of the wood is required. Further, there is a possibility the seller incorrectly determined the trees to be Douglas Fir. They might be Ponderosa Pine.

Property profile

Verified
Property type Residential land & home lots
UPID US43-Q013794

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2820 Jordan Hills Dr East Jordan, MI 49727
East Jordan metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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