16 Mile RdHarrison Township, MI 48035

Property Details for 16 Mile Rd

Lot size

1.93 AC

Property size (Sq ft)

19,460 SF

Property type

Land

Property subtype

Apartment buildings

Description

This exceptional investment opportunity presents a proposed 20-unit apartment complex development situated on a 1.925-acre lot in desirable Harrison Township, Michigan (48035), conveniently located near Union Lake Rd & 16 Mile Rd. The property boasts a total of 19,460 square feet and includes two buildings. Building A comprises 8 units (4 one-bedroom and 4 two-bedroom apartments), while Building B offers 12 units (4 one-bedroom and 8 two-bedroom apartments). The development is complete with 45 parking spaces, water, sanitary, and storm infrastructure, an entryway, deceleration lane, and retention pond. Site improvements, including a bypass, are finished. The property is zoned within the L'Anse Creuse School District, offering convenient proximity to Macomb Community College and Metro Beach. This Class A multifamily property is available immediately and is priced at $399,000, representing a price per unit of $24,950. Annual property taxes are $4,000. The lot dimensions are approximately 85 feet by 995 feet. This is a turnkey opportunity for immediate income generation.

Location Insight

City

Harrison Township

County

Macomb

State

Michigan

Latitude

42.557

Longitude

-82.8644

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