130 Cabela Blvd W - Apartments FOR SALE


Dundee, MI 48131
$4,500,000 USD
734-589-0009
130 Cabela Blvd W, Dundee, MI for Sale
$4,500,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

130 Cabela Blvd W
Dundee, MI 48131


OVERVIEW

Eagle Springs is a luxury apartment community designed for independent retirement living for seniors, 55 and over. It is located in Dundee, Michigan, which is foundin the southeastern corner of lower Michigan on the western border of Monroe County at the intersection of US 23 and M50. The Michigan/Ohio border is 17 milessouth and Ann Arbor is located 17 miles north. The property is a one story structure with 29 apartments, 15 of which have one bedroom and 14 with 2 bedrooms. Each unit also has an entrance to the outside, either to the parking area at the front of thebuilding or to a patio facing an open field and woods at the back of the building. In addition to many common areas, there is garage at one end of the building usedfor maintenance storage. The building is located on 5.86 acres land which affords room for expanding the existing structure to accommodate 23 more units. Historically it has always been 100% occupied with long waiting list. The building is in excellent condition, with a new roof, all new hot water tanks, and the majority of the AC/heating systems rebuilt.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

29

PRICE/UNIT

$155,172

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eagle Springs Retirement Living

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

PARKING SPACES

46

LAND DETAILS

LAND ACRES

5.86 AC

LAND SF

255,262 SF

ZONING

Senior Housing

APN/PARCEL ID

42-014-002-08

ASK ABOUT THIS PROPERTY

Satish RamadeNeo RealtyMore Info
734-589-0009

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Satish RamadeNeo RealtyMore Info
734-589-0009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.