Majestic Pines | 670 Kahlil Dr
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Majestic Pines 670 Kahlil Dr
72 Unit Apartment Building $3,500,000 ($48,611/Unit) Baldwin, MI 49304
Executive Summary
Global Real Estate Advisors are pleased to present the exclusive offering of Majestic Pines in Baldwin, MI. Majestic Pines was originally constructed in 1990 and features an attractive mix of 36 1BR & 36 2BR units.
Baldwin is located in Lake County which is known for its many lakes, streams, and rivers. This northern Michigan town is named after the Baldwin River which runs through it, and is a favorite for many tourists looking to fish or canoe.
Majestic Pines is a market rate property free of any rent or income restrictions, allowing a new owner to execute a value add plan to increase NOI.
Baldwin is located in Lake County which is known for its many lakes, streams, and rivers. This northern Michigan town is named after the Baldwin River which runs through it, and is a favorite for many tourists looking to fish or canoe.
Majestic Pines is a market rate property free of any rent or income restrictions, allowing a new owner to execute a value add plan to increase NOI.
Property Facts
| Price | $3,500,000 | Building Class | B |
| Price Per Unit | $48,611 | Lot Size | 3.89 AC |
| Sale Type | Investment | Building Size | 56,000 SF |
| No. Units | 72 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1990 |
| Apartment Style | Garden | Parking Ratio | 1.14/1,000 SF |
| Price | $3,500,000 |
| Price Per Unit | $48,611 |
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.89 AC |
| Building Size | 56,000 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 1.14/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Disposal
- Heating
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | 570 - 600 |
| 2+1 | 36 | - | 660 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $459,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$459,200
zoning
| Zoning Code | R-4, Multi-Family |
| R-4, Multi-Family |
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Majestic Pines | 670 Kahlil Dr
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