1500 Carr Rd | Muskegon, MI 49442
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1500 Carr Rd
Muskegon, MI 49442
Five Lakes Apartments and Storage · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- 8.86 Acres Overlooking Carr Lake with Room for Expansion
- Approximately $500,000 in Recent Capital Improvements
- New Apartment Units are Renting at a $125-$175 Rent Premium from the majority of the Current Rent Roll
- 22 Out of 24 Units Fully Gut Rehabbed with New Kitchens, Bathrooms, Flooring, Lighting, Trim, Doors, Paint etc.
- Value Add Opportunity; 20 onsite storage units (3,000 SF) not currently rented could add $22k+ to annual income
PROPERTY FACTS
| No. Units | 24 | Lot Size | 8.86 AC |
| Property Type | Multifamily | Building Size | 60,000 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1971 |
| Zoning | Commercial - Commercial Zoned Property | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.86 AC |
| Building Size | 60,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Zoning | Commercial - Commercial Zoned Property |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $531,873 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$531,873
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