16 Mile Rd Harrison Township, MI 48035
- Land
- 19,460 SF
- 1.93 lot acres
Current Use by Public Records
- Land
Property Details for 16 Mile Rd
- Lot size
- 1.93 lot acres
- Property size
- 19,460 SF
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a proposed 20-unit apartment complex development situated on a 1.925-acre lot in desirable Harrison Township, Michigan (48035), conveniently located near Union Lake Rd & 16 Mile Rd. The property boasts a total of 19,460 square feet and includes two buildings. Building A comprises 8 units (4 one-bedroom and 4 two-bedroom apartments), while Building B offers 12 units (4 one-bedroom and 8 two-bedroom apartments). The development is complete with 45 parking spaces, water, sanitary, and storm infrastructure, an entryway, deceleration lane, and retention pond. Site improvements, including a bypass, are finished. The property is zoned within the L'Anse Creuse School District, offering convenient proximity to Macomb Community College and Metro Beach. This Class A multifamily property is available immediately and is priced at $399,000, representing a price per unit of $24,950. Annual property taxes are $4,000. The lot dimensions are approximately 85 feet by 995 feet. This is a turnkey opportunity for immediate income generation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Harrison Township
- County
- Macomb
- State
- Michigan
- Longitude
- -82.8644
- Latitude
- 42.557
