Property Type:
Multi Family
Lot Size (sq. ft.):
1,249,300
Status:
Sold
Current Price:
$4,300,000
List Date:
4/18/2016
Last Modified:
11/05/2021
26474 VILLAGE HEIGHTS Drive, Edwardsburg, MI 49112
$4,200,000
Overview
Description
Multi-Family Portfolio Offering includes Village Heights Apartments, The Retreat, Wild Water Apartments, and two adjacent undeveloped land parcels totalling 7.33 +/- Acres surrounding the properties for future building expansion or wildlife habitat. The This Offering is a performing asset (currently 96% occupancy) that contains a total of 94 units with rental rates from $600 to $1000 per month (two units do not provide income stream since they are used as management office and storage). This Portfolio is managed by a local Management Company with increased occupancy levels since taking over the asset. The tenants are responsible for gas and electric. Municipal utilities serve the Properties. Buyer to be responsible for their own due diligence.
Supplements:
Listing Details MLS# 16016899
Location Property Info
- County
- Cass
- Street #
- 26474
- Street Name
- VILLAGE HEIGHTS
- Suffix
- Drive
- State
- MI
- Zip Code
- 49112
General Property Info
- Lot Measurement
- Acres
- Lot Square Footage
- 1249300
- Lot Acres
- 28.68
- Lot Dimensions
- 500x2000
- Year Built
- 2009
- New Construction
- No
- Financial Available
- No
- Road Frontage
- 250
- Total # Units
- 96
- # of Diff Unit Floor Plans
- 4
- Total # Bldgs
- 8
- Total Approx. SqFt All Bldgs
- 96997
- Total Parking Spaces
- 100
- Waterfront
- No
- School District
- Edwardsburg
- Basement
- No
Tax Info
- Tax ID #
- 1409110014101102
- Taxable Value
- 1512494
- SEV
- 1697800
- For Tax Year
- 2015
- Seller's Annual Property Tax
- 76084
- Tax Year
- 2015
- Zoning
- R3 Multifamily
- Homestead %
- 0
- Spec Assessment & Ty
- No
Remarks Misc
- Directions
- Edwardsburg is a peaceful village in Cass County Michigan, northeast of South Bend, Indiana. It is situated at the cross roads of M-62 and US 12. In close proximity to some of the most beautiful lakes in Michigan; such as, Eagle, Pleasant and Diamond lakes. Edwardsburg is known for its Blue Ribbon Award winning school system that was featured in US News and World report.
Status Change Info
- Under Contract Date
- 2016-05-19
- Sold Date
- 2016-07-26
- Sold Price/SqFt
- 43.3
More Information
Access Feat
- Accessibility Features
- No
Location & Property Info
- Cross Streets
- M-62 and Village Heights Drive
- Property Sub-Type
- 5+ Units
- Area
- Southwestern Michigan - S
- Municipality
- Edwardsburg Vllg
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 44.33
Remarks & Misc
- Legal
- long legal and additional parcel numbers in listing office
Street Type
- Paved
- Yes
- Public
- Yes
Util Avail at Street
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
- Public Sewer
- Yes
- Public Water
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Phone Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
Exterior Material
- Concrete
- Yes
- Stucco
- Yes
- Wood Siding
- Yes
Roofing
- Composition
- Yes
Heat Source
- Electric
- Yes
Sale Conditions
- REO/Bank Owned
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
Driveway
- Paved
- Yes
- Shared Paved
- Yes
Substructure
- Slab
- Yes
Owner Pays
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Property Features
Exterior Material:
Concrete; Stucco; Wood Siding
Roofing:
Composition
Substructure:
Slab
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Electricity Connected; Phone Connected
Util Avail at Street:
Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water
Owner Pays:
Sewer; Trash Collection; Water
Tenant Pays:
Electric; Gas
Heat Source:
Electric
Heat Type:
Forced Air
Air Conditioning:
Central Air
Driveway:
Paved; Shared Paved
Street Type:
Paved; Public
Terms Available:
Cash; Conventional
Sale Conditions:
REO/Bank Owned
Listing Office:
Cressy Commercial Real Estate
Listing Agent:
Richard J Doolittle
Last Updated: November - 05 - 2021
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
