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Hickory Manor Apartments 1571 N Hickory Rd 44 Unit Apartment Building $5,947,025 CAD ($135,160 CAD/Unit) Owosso, MI 48867
Investment Highlights
- Two-bedroom-heavy unit mix
- Offered at $96,591 per unit and $78.77 per square foot
- Individually metered gas and electric paid directly by residents
Executive Summary
OakPointe Real Estate Advisors presents the exclusive opportunity to acquire Hickory Manor Apartments, a 44-unit multifamily community located in Owosso, Michigan. Situated across approximately 8.70 acres in a low-density suburban setting. Hickory Manor offers a unit mix primarily consisting of two-bedroom apartments and townhomes.
Property Facts
| Price | $5,947,025 CAD | Building Class | C |
| Price Per Unit | $135,160 CAD | Lot Size | 11.38 AC |
| Sale Type | Investment | Building Size | 55,790 SF |
| No. Units | 44 | Average Occupancy | 86% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1989 |
| Apartment Style | Garden |
| Price | $5,947,025 CAD |
| Price Per Unit | $135,160 CAD |
| Sale Type | Investment |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.38 AC |
| Building Size | 55,790 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built | 1989 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 950 - 1,045 |
| 2+1.5 | 8 | - | 1,163 |
| 2+2 | 16 | - | 1,400 |
| 1+1 | 4 | - | 750 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $1,840,316 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,840,316 CAD
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Hickory Manor Apartments | 1571 N Hickory Rd
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