Property profile

0 Carriage Hill Cir Lapeer, MI 48446

OFF-MARKET
Land
7.85 ac lot
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Property summary

AI-generated overview

This exceptional 7.85-acre parcel, located on Carriage Hill Circle in Lapeer, Michigan, presents a remarkable opportunity for residential development. Currently zoned RM-1, Multiple-Family Residential, this fully improved site is ideally suited for a multi-family project. The property's location just west of Downtown Lapeer offers convenient access to amenities and services. The parcel is identified by APN L20-93-304-040-00 and is part of the proposed Carriage Hills Condominiums Phase II Development. This makes it an attractive investment for developers seeking to capitalize on the growing demand for residential housing in the area. The asking price is $349,000, with annual property taxes totaling $1,049. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a significant land holding in a desirable location with established infrastructure, ready for immediate development. Don't miss this chance to build your next successful project. The property's address is Carriage Hill Circle, Lapeer, MI 48446.

Property profile

Verified
Property type Land
Lot 7.85 ac (341,946 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Carriage Hill Cir Lapeer, MI 48446
Lapeer metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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