Log In/Sign Up
Your email has been sent.
Huron River Shelby 51611 Mound Rd 12 Unit Apartment Building $2,741,683 CAD ($228,474 CAD/Unit) 6% Cap Rate Shelby Township, MI 48316
EXECUTIVE SUMMARY
Huron River Shelby consists of 12 units, 3 two-bedroom, one-bath upgraded units, measuring 900 square feet & 9 two-bedroom, one-bath upgraded units
with granite & stainless-steel appliances, measuring 900 square feet. This property was built in 1962 and has been well-maintained over the years with
mature trees and landscaping. Huron River Shelby offers quiet living with a community feel.
IPO has projected an NOI going forward of $119,329 based on street rents and T-12 December 2024 – November 2025 expenses. However, in year two, when the complex is brought up to market, the NOI increases to $131,712.
This property has received over $90,000 of Cap-Ex improvements, such as new electrical panels in every unit, granite countertops, LVP flooring, 6-panel doors,
and stainless-steel appliances. There is an additional $100,000 being spent on EV Chargers.
with granite & stainless-steel appliances, measuring 900 square feet. This property was built in 1962 and has been well-maintained over the years with
mature trees and landscaping. Huron River Shelby offers quiet living with a community feel.
IPO has projected an NOI going forward of $119,329 based on street rents and T-12 December 2024 – November 2025 expenses. However, in year two, when the complex is brought up to market, the NOI increases to $131,712.
This property has received over $90,000 of Cap-Ex improvements, such as new electrical panels in every unit, granite countertops, LVP flooring, 6-panel doors,
and stainless-steel appliances. There is an additional $100,000 being spent on EV Chargers.
PROPERTY FACTS
| Price | $2,741,683 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $228,474 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.40 AC |
| Cap Rate | 6% | Building Size | 11,502 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 2.09/1,000 SF |
| Zoning | CR | ||
| Price | $2,741,683 CAD |
| Price Per Unit | $228,474 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 11,502 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 2.09/1,000 SF |
| Zoning | CR |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | - | 958 |
PROPERTY TAXES
| Parcel Number | 23-07-17-426-030 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $568,314 CAD |
PROPERTY TAXES
Parcel Number
23-07-17-426-030
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$568,314 CAD
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Huron River Shelby | 51611 Mound Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.