• Easy Bay Village Apartments - 1877 West Parkway, Essexville, MI, 48732

For Sale

Office
Multi-Family

For Sale

This property is available for sale
15.48
Acres
$8,100,000
Sale Price
  • Year Built
    1972
  • Overview

    The East Bay Village Apartments consist of 208 garden-style units within two-story buildings located on a total of 15.48 acres. The complex is comprised of 56 (27 percent) one- bedroom, one-bathroom units totaling 770 square feet and 88 (42 percent) two-bedroom, one-bathroom apartment units consisting of 920 square feet. The complex also has 44 (21 percent) two-bedroom, 1.5-bathroom townhome units totaling 1,020 square feet and 20 (10 percent) three-bedroom, 1.5-bathroom units totaling 1,100 square feet. The property is currently 94 percent occupied. The tenants are responsible for all utilities (tenant is to reimburse landlord for trash, water/ sewer, and gas). The current ownership is not offering any concessions at this time.

Contact or Call

Property Details

The East Bay Village Apartments consist of 208 garden-style units within two-story buildings located on a total of 15.48 acres. The complex is comprised of 56 (27 percent) one- bedroom, one-bathroom units totaling 770 square feet and 88 (42 percent) two-bedroom, one-bathroom apartment units consisting of 920 square feet. The complex also has 44 (21 percent) two-bedroom, 1.5-bathroom townhome units totaling 1,020 square feet and 20 (10 percent) three-bedroom, 1.5-bathroom units totaling 1,100 square feet. The property is currently 94 percent occupied. The tenants are responsible for all utilities (tenant is to reimburse landlord for trash, water/ sewer, and gas). The current ownership is not offering any concessions at this time.

  • Property Type
    Office, Multi-Family
  • Year Built
    1972
  • Sale Price
    $8,100,000
  • Total Acres
    15.48
  • Cap Rate
    7.5%
  • Number of Floors
    3
  • Zoning
    R-3
  • Will build to suit
    No
  • Sewer
    No
  • Corner lot
    No
  • Property ID
    301507

Landlord's Sales Representative

  • William T. O'Connor
    CBRE, Inc