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Property profile & analytics
OFF-MARKET
Land

16 Mile Rd Harrison Township, MI 48035

19,460 SF 1.93 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Total area 19,460 SF
Lot 1.93 ac (83,853 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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