I69 Multifamily Davison, MI 48423
This exceptional 38.15-acre parcel in Davison, Michigan, presents a remarkable multifamily development opportunity. Located near the intersection of Irish Road and I-69, this property boasts convenient freeway access and is zoned for Urban Residential - Master Planned Multifamily. Currently vacant farmland, the site offers approximately 22 buildable acres, with the remaining acreage protected by heavily wooded conservation land to the north and east. High-density residential development surrounds the property to the south and west, suggesting strong potential for increased unit density approval. The seller owns the McDermitt Drive access road leading directly to the parcel, providing convenient access for future construction. Existing nearby developments show unit densities of 12.2 units per acre and 15.8 units per acre, indicating the potential for significant returns. Municipal water and sanitary sewer utilities are available. The property's APN is 05-08-300-009. This prime location, combined with its zoning and access to infrastructure, makes this a truly exceptional investment opportunity. The asking price is $500,000, translating to approximately $13,106.16 per acre.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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