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The Ridge 788 Fairways Dr

20 Unit Apartment Building For Sale Harbor Springs, MI 49740

Investment Highlights

  • Vacant Land for 12 Luxury Condominium Units
  • All Approvals In Place.
  • 3 Luxury Condominium Units Under Construction
  • All Utilities In Place-Paved Streets.

Executive Summary

This is a fully approved 20 unit luxury (selling in the $700,000.00 to $900,000.00 range) condominium development situated on Fairways
Drive at beautiful Birchwood Golf & Country Club (a 27 hole private club) overlooking hole #2 of the Birches Course. Club membership
available for owners. Seller has completed five units, has three units under construction and remainder land for final 12 approved units
available for purchase.. All approvals have been obtained (except final building permits to be obtained by eventual builder). All utilities are in
place, paved roads, near beautiful Harbor Springs, Michigan. Vacant land unit addresses are 724 thru 788 Fairways Drive. Three units under
construction are 807 thru 811 Fairways Drive and available for purchase (**pricing for 3 under construction condos may vary depending on
stage of construction completion at time of purchase).

Property Facts

Sale Type Investment
Sale Conditions Building in Shell Condition
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 65.61 AC
Building Size 150,000 SF
No. Stories 1
Year Built 2024

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Fireplace
  • Microwave
  • Washer/Dryer
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower

Site Amenities

  • Golf Course

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 - 2,500
3+2 16 - 2,500

zoning

Zoning Code R-2 (Residential/Commercial)
R-2 (Residential/Commercial)
  • Listing ID: 30911986

  • Date on Market: 2/8/2024

  • Last Updated:

  • Address: 788 Fairways Dr, Harbor Springs, MI 49740

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