10406 Pierce Rd | Stanwood, MI 49346
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- LoopNet Team
10406 Pierce Rd
Stanwood, MI 49346
Sunset Shores Senior Community · Multifamily Property For Sale · 1,000 SF
INVESTMENT HIGHLIGHTS
- Private Utilities (Well/Septic)
- Rent Increases at the community are CPI-based rent increases and are expected to increase over 8% in May 2023.
- Presents an opportunity for a more aggressive owner to bring in new homes and finish leasing up the community.
- High-end modular housing community that provides a lower-cost housing option for a mix of permanent and seasonal home owners.
- Owner has slowly infilled the community with high-end modular homes and site-built garages.
- The property was developed as a part of the larger Canadian Lakes development & benefits from the many amenities such as golf courses, clubhouses, etc
PROPERTY FACTS
| No. Units | 80 | Building Size | 1,000 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built | 2000 |
| Lot Size | 45.06 AC |
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | |
| Building Class | C |
| Lot Size | 45.06 AC |
| Building Size | 1,000 SF |
| Average Occupancy | 79% |
| No. Stories | 1 |
| Year Built | 2000 |
PROPERTY TAXES
| Parcel Number | 5411-029-003-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $421,700 |
PROPERTY TAXES
Parcel Number
5411-029-003-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$421,700
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