Catylist ID:
#30359074
| Catylist Listing ID: | 30359074 |
| Property Subtypes: | Duplex/Fourplex, Government Subsidized, High-Rise, Low-Rise/Garden, Mid-Rise, Mixed Use, Mobile Home Park, Senior Living, Student Housing, Other |
| Building Status: | Proposed |
| Number of Units: | 300 Units |
| Building Size (RSF): | 2,000 SF |
| Gross Building Area: | 1,090,000 SF |
| Gross Land Area: | 10 - 35 Acres |
| Sale Price: | $400,000 - 1,150,000 |
| Unit Price: | $1,333.33 Per Unit |
| Property Use Type: | Investment, Vacant/Owner-User, Business |
| Building Name: | Mayberry Meadows |
| Usable Size (USF): | 1,002,000 SF |
| Core Factor: | 28% |
| Sale Terms: | Cash to Seller, Purchase Money Mortgage, Owner Financing, Build-to-Suit, Other |
| Cap Rate: | Undisclosed |
| Vacation Rental Income: | Yes |
| Last Updated: | 7/16/2021 |
Overview / Comments
|
MAYBERRY MEADOWS: Fully designed, ready for construction, Master plan Multi-Family zoning. Sanitary Sewer, Storm Sewer, Water, Electric and Natural Gas on Site. Upscale, Quite a neighborhood, Bangor Township, High School and Grade school adjacent to the property, One of the best School systems in the area. Close to all major shopping, and Highways. Northwest side of Bay City, Bangor Township. Quick access to M-13, M-25, I-75, and US-10. Kiesel rd. is between Euclid Ave, M-13, and 2-mile rd, just south of Wilder Rd. Multifamily Lot Size: 23.57 AC, an additional 2-acre parcel and 10-acre parcel readily available. Electricity: CMS, Retention Pond on site, Water: Bay County, Telephone: Charter, ATT, Cable: CHARTER, Gas: CMS, all on Site. |
Additional Details
| Nearest MSA: | Bay City |
| County: | Bay |
| Taxing Authority: | Bangor Township |
| Tax ID/APN: | 09-010-018-400-025-00 |
| Zoning: | MULTI-FAMILY |
| Community Amenities: | Indoor Pool, Community Hot Tub, Sauna, Community Building, Recreation Room, Exercise Room, Business Center, Restaurant(s), Jogging Paths, Tennis Courts, Play Ground, On-Site Maintenance, Concierge |
| Property Located Between: | Kiesel rd. between Euclid & 2 Mile |
| Highway Access: | M-13 500', I-75, US-10, US -23 1.5 Miles. |
| Airports: | MBS, Harry Brown, Flint International, Bay City |
| Site Description: | Some trees, Nestled behind Commercial, Jr. High & High Schools across St., Level, All Utilities on Site. Shopping, fast Food near-by. A pleasant area to Live. Expressway near. |
| Area Description: | Great Schools, Shopping, fast Food All near-by. A pleasant area to Live |
| Property Condition: | Excellent |
| Parking Type: | Surface |
| Parking Description: | Level |
| Heat Type: | Electricity, Natural Gas, Solar |
| Heat Source: | Central |
| Fuel: | Gas, Electric |
| Air Conditioning: | Engineered System |
| Internet Access: | Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Fiber Optic, Other |
| Interior Description: | n/a |
| Zoning Description: | Multi-family |
| Lot Frontage: | 200 |
| Lot Depth: | 1180' X 908' |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Electric Lines, Ingress/Egress, Utilities |
| Land Ownership: | Fee Simple |
| Legal Description: | COM AT E 1/4 COR OF SEC 18, TH S 89D 01M 30S W 1321.21 FT TO N-S 1/8 LINE, TH S ALONG N-S 1/8 LINE 400 FT TO P.O.B. TH CONTN. S 920 FT TO NE COR OF WESTERN FILEDS SUB, TH W 1180.46 FT, TH N 04D 12M 00S E 832.64 FT, TH S 89D 44M 00S E 139.44 FT, TH N 04D 12M 00S E 10 FT, TH E 540 FT, TH N 71.22 FT, TH E 501.864 FT TO P.O.B. SEC 18 T14N R5E |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,699 | 51,933 | 72,390 |
| Median Age: | 41.47 | 40.29 | 41.05 |
| Households: | 4,573 | 21,788 | 30,396 |
Contact
Henry JohnsonHenry Johnson Real Estate & Leasing CompanyCPIX Member |
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