Stabilized 22-Unit Apartment
For Sale
Contact for pricing
Pending
1000 N Hemlock Rd., Hemlock, MI 48626
Northgate Apartments includes three buildings and 22 separately metered units on approximately 3.7 acres.
Property SizeContact for details
Lot Size3.70 Acres
Days on Market120
Property Features for 1000 N Hemlock Rd.
General Information
Standard status
Pending
Lot size
3.70 Acres
Property subtype
Multifamily
Occupancy
82%
Additional Details
Utilities to Site
Yes
Multifamily Units
22
Amenities
common laundry room
maintenance/storage shed
Building Details
Year Built
1981
Tenancy
Multi
Listing Agency:
Income Property Organization
Listed By:
Al Beachum, J.D. · License #MI 6501347778
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 8 at 10:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Income Property Organization
Investment Insights
Based on property information with market context.
Northgate Apartments, built in 1981, is a residential income property set on approximately 3.7 acres and currently configured as three buildings totaling 22 units. The community includes a common laundry room and a maintenance/storage shed, with buildings set on footings over crawl spaces. Exterior features include a lower brick facade, vinyl upper portions, aluminum soffits, gutters and downspouts, and asphalt shingled roofs.
Unit mix consists of two three-bedroom townhome units, four two-bedroom townhome units, seven two-bedroom units, eight one-bedroom units, and one studio unit. Each unit is separately metered for gas and electric, and features gas-forced air furnaces, air conditioning, individual hot-water heaters, refrigerators, stoves, and dishwashers. Tenants are responsible for gas and electric, while the landlord is responsible for city water and sewer.
The asset is described as stabilized, with current physical occupancy at 81.8%. Recent property improvements include parking lot repairs, sealing, and striping in 2016; installation of a concrete handicap ramp in 2016 to replace a wooden ramp for Building B; building exterior painting in 2012; roof replacements in 2008; and entry door replacements in Building C in 2008. Appliances, carpet, vinyl, A/C equipment, water heaters, furnaces, and plumbing fixtures have been replaced on an as-needed basis.
Unit mix consists of two three-bedroom townhome units, four two-bedroom townhome units, seven two-bedroom units, eight one-bedroom units, and one studio unit. Each unit is separately metered for gas and electric, and features gas-forced air furnaces, air conditioning, individual hot-water heaters, refrigerators, stoves, and dishwashers. Tenants are responsible for gas and electric, while the landlord is responsible for city water and sewer.
The asset is described as stabilized, with current physical occupancy at 81.8%. Recent property improvements include parking lot repairs, sealing, and striping in 2016; installation of a concrete handicap ramp in 2016 to replace a wooden ramp for Building B; building exterior painting in 2012; roof replacements in 2008; and entry door replacements in Building C in 2008. Appliances, carpet, vinyl, A/C equipment, water heaters, furnaces, and plumbing fixtures have been replaced on an as-needed basis.
Key Highlights
- Approximately 3.7‑acre multifamily property with 3 buildings and 22 separately metered units
- Unit mix includes 2 three‑bedroom townhomes (~1,064 SF), 4 two‑bedroom townhomes (~812 SF), 7 two‑bedroom units (~718 SF), 8 one‑bedroom units (~584 SF), and 1 studio (~538 SF)
- Each unit has gas‑forced air heat and air conditioning, plus individual hot‑water heaters, refrigerators, stoves, and dishwashers
Property Analytics
Current Use
Lease Details
22
Residential units
81.8%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 48626, MI
5,962
Population
2,307
Households
2.6
Avg Household Size
45
Median Age
31%
College-Educated
97%
High-School Grad
65.5 sq mi
ZIP Area
91
Density / Sq Mi
$81,961
Median Household Income
$40,756
Median Earnings
$935
Median Rent
$208,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Northgate Apartments includes three buildings and 22 separately metered units on approximately 3.7 acres.
Where is this apartment building located?
The property is located at 1000 N Hemlock Rd. Hemlock, MI.
What are key features of this property?
This property features: Approximately 3.7‑acre multifamily property with 3 buildings and 22 separately metered units; Unit mix includes 2 three‑bedroom townhomes (~1,064 SF), 4 two‑bedroom townhomes (~812 SF), 7 two‑bedroom units (~718 SF), 8 one‑bedroom units (~584 SF), and 1 studio (~538 SF); Each unit has gas‑forced air heat and air conditioning, plus individual hot‑water heaters, refrigerators, stoves, and dishwashers
