Log In/Sign up
Your email has been sent.
Mid Michigan Multifamily 3 Build-to-Rent Properties Offered at £3,760,529 in Multiple Locations
EXECUTIVE SUMMARY
This 3 property portfolio consists of 104 units in Carson, Marine City, and Capac Michigan. All three properties were built in 1993 as affordable housing using Low Income Housing Tax Credits (LIHTC). The properties are now in their extended use period, but have surpassed the initial 15 year compliance period meaning the tax credits are no long liable for recapture. The properties have a $4MM USDA loan on them at 3.5% interest rate that can / should be assumed.
PROPERTY FACTS
| Price | £3,760,529 | Number of Properties | 3 |
| Price psf | £43.63 / sq ft | Individually For Sale | 0 |
| Sale Type | Investment | Total Property Size | 86,200 sq ft |
| Status | Active | Total Land Area | 6.56 ac |
| Price | £3,760,529 |
| Price psf | £43.63 / sq ft |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Property Size | 86,200 sq ft |
| Total Land Area | 6.56 ac |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Matteson Street Apartments
130 N Matteson St, Capac, MI 48014 |
Build-to-Rent | 19,200 sq ft | 1993 | - |
|
Carson City Senior Apartments
510 N 2nd St, Carson City, MI 48811 |
Build-to-Rent | 18,000 sq ft | - | - |
|
Mariner Cove Family Apartments
6550 King Rd, Marine City, MI 48039 |
Build-to-Rent | 49,000 sq ft | 1993 | - |
1 1
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Greater Development
Mid Michigan Multifamily
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.