Mayberry Meadows

Multi-Family for Sale
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

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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

Photograph of Listing Agent

Henry Johnson

Henry Johnson Real Estate & Leasing Company
CPIX Member
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