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    OFF-MARKET
    Land

    21640 Telegraph Rd, Brownstown Charter Township, MI 48174

    5.4 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 5.4 ac (235,224 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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