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Investment Highlights

  • 12 Acre Private Wooded Setting
  • Close to Lake Michigan Beaches
  • Would also be a great opportunity to use as weekly rentals

Executive Summary

The term ''handy-man special'' does not begin to describe the potential of this property. Even most multi-million dollar estates cannot match it in size, scenery, location, or possibilities. Occupying the entire south side stretch of W. Defay Rd, the completely private Brown-Defay estate in Stevensville is a historic 12-acre multi family compound just a mile from the beaches and walking trails of Grand Mere State Park, with hospital facilities, restaurants, and major grocery stores all less than 10 minutes away. This peaceful and secluded enclave contains 5 buildings dating from as early as the 1860's, including 3 residences that were later divided into 6 rental units. Those spaces remain separately metered, but only one of the apartments is lived in today, with most other areas gutted, and used primarily as storage or garage space. Because of these conditions, property will not qualify for a conventional home mortgage. Homes are on well and septic, with city water and gas available at the street. Please contact agent for specific details about buildings, or redevelopment of the property.

Property Facts

Price $930,244 CAD
Price Per Unit $232,561 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 12.65 AC
Building Size 6,160 SF
No. Stories 2
Year Built 1900
Parking Ratio 1.95/1,000 SF
Zoning NRD-Neighborhood Res. Dev

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 - 782 - 1,400
1+1 2 - 660 - 1,550
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
11-12-0033-0011-06-6
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$189,219 CAD
  • Listing ID: 40712047

  • Date on Market: 2026-05-29

  • Last Updated:

  • Address: 3150-3160 Defay Rd, Stevensville, MI 49127

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