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    OFF-MARKET
    Mobile home & RV parks

    1155 Knight Rd, Essexville, MI 48732

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    Property summary
    AI-generated overview

    This exceptional 15-acre multifamily land parcel, located at 1155 N Knight Rd, Essexville, MI 48732 (APN 070-049-400-025-00), presents a compelling investment opportunity. Priced at $222,000, this property boasts a prime location with excellent visibility and convenient access to M-25, a Class "A" road. The land is level and ready for development, featuring existing utilities including sewer, water, electricity, and gas. Zoned for multifamily use, this site is situated in a desirable, quiet neighborhood with low taxes and a strong community. Its proximity to the Saginaw Bay and numerous shopping options adds significant appeal. The property's high-end location and easy access to the Thumb of Michigan further enhance its investment potential. The existing infrastructure and multifamily zoning make this a turnkey opportunity for developers seeking to capitalize on the growing demand for housing in this area. Consider the potential for a variety of multifamily developments, given the ample space and convenient access to major roadways. This is a rare chance to acquire a substantial parcel in a thriving community with significant upside potential. The property's size and location make it suitable for a variety of uses, including a potential hospital site, given its accessibility and infrastructure.

    Property profile
    Verified
    Property type Mobile home & RV parks
    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
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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