21640 Telegraph Rd, Brownstown Charter Township, MI 48174
This 5.4-acre parcel in Brownstown Charter Township, MI (48174), presents a remarkable investment opportunity. Located at 21640 Telegraph Rd, this property is zoned TC, permitting multifamily housing development. Its strategic location offers easy access to major highways, shopping, schools, and public transportation, ensuring high resident appeal. The land is development-ready, with readily accessible utilities including water, electricity, and sewer lines, streamlining the construction process. The picturesque setting allows for the incorporation of green spaces and recreational areas within the development. Given the area's rapid growth and high demand for multifamily housing, this site promises strong appreciation potential and high occupancy rates for any built project. The asking price is $400,000. This is an exceptional chance to capitalize on the booming multifamily market in a thriving Michigan community. Don't miss this chance to acquire a valuable asset with significant long-term return potential.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.