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3150-3160 W Defay Rd., Stevensville, MI 49127 3150-3160 Defay Rd 4 Unit Apartment Building $930,244 CAD ($232,561 CAD/Unit) Stevensville, MI 49127



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 | Building Class | C |
| Price Per Unit | $232,561 CAD | Lot Size | 12.65 AC |
| Sale Type | Investment | Building Size | 6,160 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.95/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | NRD-Neighborhood Res. Dev | ||
| 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
| Parcel Number | 11-12-0033-0011-06-6 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $189,219 CAD |
Property Taxes
Parcel Number
11-12-0033-0011-06-6
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$189,219 CAD
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3150-3160 W Defay Rd., Stevensville, MI 49127 | 3150-3160 Defay Rd
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