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    Cor Mason Rd & Burkhart Rd Howell, MI 48843

    Sponsored
    For Sale
    $1,115,000

    90 Units, Howell, MI - Shovel-Ready PUD

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: a shovel-ready 90-unit senior living Planned Unit Development (PUD) in Howell, Michigan. This multifamily property, situated on a 90-acre lot at the northwest corner of Mason Road and Burkhart Road (APN 47-06-32-400-013), is priced at $1,115,000 ($12,389 per unit). The property boasts permit approval and includes significant allocated water and sewer resources: 75 water reuse and 569 sewer reuse allocations, valued at over $3,000,000. Located in the Howell School District, this development benefits from a strong positive population growth projection from 2023 to 2028. Enjoy convenient access to major transportation arteries, with I-96 and Tanger Outlets one mile south, and downtown Howell and the new Motorsports Gateway Howell just two miles away. Municipal water and sanitary sewer services are readily available. This is a prime opportunity to capitalize on the growing demand for senior living accommodations in a thriving Michigan community. Zoning permits multifamily, single-family, and senior living uses.

    Property Features for 0 Cor Mason Rd & Burkhart Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    3,920,400 SF

    Building Details

    Units
    90

    HighLights

    • Shovel‑ready site: Heritage Square PUD, Howell, MI.
    • 90‑unit senior living development, permits approved.
    • $3M+ value in allocated water (75 units) and sewer (569 units) reuse.
    • Howell School District; strong population growth projected (2023‑2028).
    • Excellent location: 1 mile south of I‑96 and Tanger Outlets; 2 miles from Downtown Howell and the new Motorsports Gateway.
    • Municipal water and sewer available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    Howell
    County
    Livingston
    State
    Michigan
    Longitude
    -83.9930563
    Latitude
    42.5997945

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    FAQs

    What type of property is this?
    Multifamily property - 90 Units, Howell, MI - Shovel-Ready PUD
    Where is this multifamily property located?
    The property is located at Cor Mason Rd & Burkhart Rd Howell, MI.
    What is the asking price?
    The asking price for this property is $1,115,000.
    What are key features of this property?
    This property features: Shovel-ready site: Heritage Square PUD, Howell, MI.; 90-unit senior living development, permits approved.; $3M+ value in allocated water (75 units) and sewer (569 units) reuse.
    (248) 476-3700
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    Cor Mason Rd & Burkhart Rd Howell, MI 48843
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

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    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

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    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Cor Mason Rd & Burkhart Rd Howell, MI 48843
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