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Pinckney Apartments 240 Park St 32 Unit Apartment Building $4,991,484 CAD ($155,984 CAD/Unit) Pinckney, MI 48169
Investment Highlights
- Rare opportunity to acquire a suburban rental portfolio totaling 44 units across two complementary communities in Pinckney, Michigan
- Portfolio generates approximately $427K+ combined NOI with stable occupancy across both assets, providing immediate yield with operational efficiency
Executive Summary
The 32-unit apartment community is offered in combination with the nearby Village Commons townhomes, located approximately one mile away, creating a 44-unit multifamily investment opportunity.
The property consists of well-maintained one- and two-bedroom apartment units. Combined with Village Commons, the offering provides operational efficiencies and a complementary unit mix of one-, two-, and three-bedroom rental options within the same submarket.
Full financials, rent roll, and property details are available in the Offering Memorandum.
The property consists of well-maintained one- and two-bedroom apartment units. Combined with Village Commons, the offering provides operational efficiencies and a complementary unit mix of one-, two-, and three-bedroom rental options within the same submarket.
Full financials, rent roll, and property details are available in the Offering Memorandum.
Property Facts
| Price | $4,991,484 CAD | Building Class | C |
| Price Per Unit | $155,984 CAD | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 26,720 SF |
| No. Units | 32 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Garden | ||
| Zoning | R - Residential | ||
| Price | $4,991,484 CAD |
| Price Per Unit | $155,984 CAD |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 26,720 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | R - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 26 | - | 835 |
| 2+1 | 6 | - | - |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $699,319 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$699,319 CAD
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Pinckney Apartments | 240 Park St
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