Garden-Style Apartment
For Sale
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8640 Canterberry Lane, Newport, MI 48166
144-unit apartment community with 12 two-and-a-half-story garden-style buildings, pool, clubhouse, and coin-operated laundry.
Property SizeContact for details
Lot Size15.60 Acres
Days on Market122
Property Features for 8640 Canterberry Lane
General Information
Standard status
Active
Lot size
15.60 Acres
Property subtype
Multifamily, Retail
Occupancy
96%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
144
Amenities
pool
clubhouse
coin-operated laundry
park-like setting
Building Details
Construction
garden-style
Tenancy
Multi
Listing Agency:
Income Property Organization
Listed By:
Greg Coulter · License #MI 6505297156
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 3:00AM
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.
Newport Woods Apartments is a 144-unit garden-style apartment community composed of twelve 2½-story buildings. The property includes a pool, clubhouse, and coin-operated laundry, with all laundry machines replaced in 2012. Units feature landlord-paid, gas-forced air furnaces that were replaced over the past five years, and the community has completed multiple capital improvements including unit upgrades, roof and gutter replacement, clubhouse upgrades, and pool repairs.
The community is located along Newport Road between Telegraph Road and the I-75 interchange in Newport, Michigan. The City of Newport is described as an unincorporated area within southeast Berlin Township.
The apartment mix ranges from one-bedroom units to two-bedroom units, with occupancy reported at 96% over the trailing twelve-month period.
The community is located along Newport Road between Telegraph Road and the I-75 interchange in Newport, Michigan. The City of Newport is described as an unincorporated area within southeast Berlin Township.
The apartment mix ranges from one-bedroom units to two-bedroom units, with occupancy reported at 96% over the trailing twelve-month period.
Key Highlights
- 144‑unit apartment community in Newport, MI on a 15.6‑acre site.
- Twelve 2½‑story garden‑style buildings with a unit mix from 650 SF 1BR to 950 SF 2BR.
- 96% occupancy, maintained over the trailing 12‑month period.
Property Analytics
Current Use
Lease Details
144
Residential units
96%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
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Business Placement
Demographics for 48166, MI
13,170
Population
5,387
Households
2.4
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
26.6 sq mi
ZIP Area
495
Density / Sq Mi
$70,923
Median Household Income
$36,946
Median Earnings
$1,203
Median Rent
$217,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 144-unit apartment community with 12 two-and-a-half-story garden-style buildings, pool, clubhouse, and coin-operated laundry.
Where is this apartment building located?
The property is located at 8640 Canterberry Lane Newport, MI.
What are key features of this property?
This property features: 144‑unit apartment community in Newport, MI on a 15.6‑acre site.; Twelve 2½‑story garden‑style buildings with a unit mix from 650 SF 1BR to 950 SF 2BR.; 96% occupancy, maintained over the trailing 12‑month period.
