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Two-Story Townhome Apartment Community
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5238 Towne Hill Drive, Grand Blanc, MI 48439

Multifamily community with varied floor plans, resident amenities, and individually metered gas and electric service.

Property SizeContact for details
Days on Market29

Property Features for 5238 Towne Hill Drive

General Information

Standard status Active
Total Parking Spaces 146
Property subtype Multifamily

Units

Unit Mix 70 x 2BR, 24 x 3BR
Multifamily Units 94

Additional Details

Utilities to Site Yes

Amenities

swimming pool
playground
private patio/balcony areas
stand-alone rental office
air conditioning
dishwashers
washer/dryer hookups
walk-in closets
basements
microwave ovens

Building Details

Year Built 1973
Stories 2
Listing Agency: Piper Realty Company
Listed By: mark piper · License #MI
Source: Crexi
Added: Aug 27 Changed: Sep 16 Last Checked: Sep 24 at 10:12AM

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 Piper Realty Company

Investment Insights

Based on property information with market context.

This 94-unit apartment community in Grand Blanc, Michigan, consists of two-story townhomes built in 1973. The unit mix includes 70 two-bedroom residences and 24 three-bedroom residences, with an average of 1,014 square feet per unit. Individual homes offer air conditioning, dishwashers, microwave ovens, washer and dryer hookups, walk-in closets, basements, and private patio or balcony areas.

Shared amenities include a swimming pool, playground, grade-level parking with 146 spaces, and a stand-alone rental office. Gas and electric service are individually metered, while water is master metered under a RUBS system. The property also includes a 5.5-acre vacant parcel.

Key Highlights

  • 94‑unit apartment community built in 1973
  • Unit mix includes 70 two‑bedroom and 24 three‑bedroom residences
  • Average unit size of 1,014 square feet

Property Analytics

Current Use

Edgemont Townhome Office Townhouse Complex

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Furniture & Home Goods Building Supply (Bike/Boat/Book/etc) Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

94
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

46
Businesses Nearby

Demographics for 48439, MI

51,719
Population
22,101
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
949
Density / Sq Mi
$88,505
Median Household Income
$47,506
Median Earnings
$1,035
Median Rent
$250,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily community with varied floor plans, resident amenities, and individually metered gas and electric service.
Where is this apartment building located?
The property is located at 5238 Towne Hill Drive Grand Blanc, MI.
What are key features of this property?
This property features: 94‑unit apartment community built in 1973; Unit mix includes 70 two‑bedroom and 24 three‑bedroom residences; Average unit size of 1,014 square feet
(810) 767-4890 Call to check price and availability
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