- For Sale Contact for pricing
- Property Type Other
- Lot Size 26 Acre
- Additional Rent Contact for pricing
- Date Updated Dec 3, 2024
Pine Lake - 113 units + 4 Acres Vacant Land
Centrally located within the growing town of Newaygo, Pine Lake Village is a fantastic value-add opportunity. The new owner can begin charging monthly rent for the 58 garages and implement a RUBs system to bill back gas, water, and trash to residents. The majority of units are 2-bed units or 3-bed townhomes and offer significantly more square footage than competing properties.
- Year Built: 2003
- Occupancy: 99%
- Average In-Place Rent: $1,124
- Average Unit Size: 930 SF
- 48% of units fully remodeled in the past 5 years
Eastfield - 48 Units + 8.8 Acres Vacant Land
The only market-rate apartment community in Grant, Eastfield Village never has a problem staying 100% occupied. The property is adjacent to the Grant Public School system and just a 10-minute drive from Pine Lake Village. New owners will have several opportunities to add value through unit upgrades as well as building additional units.
- Year Built: 2003
- Occupancy: 100%
- Average In-Place Rent: $1,015
- Average Unit Size: 552 SF
- 58% of units fully remodeled in the past 5 year
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
43/100
Car-Dependent
-
Bike Score ®
41/100
Somewhat Bikeable
- City Newaygo, MI
- Zip Code 49337
Points of Interest
-
BP
0.26 miles
-
Wesco
0.39 miles
-
Speedway
0.54 miles
-
Marathon
0.90 miles
-
Snowmobile Staging Area
4.41 miles
-
Coolbough Parking
4.62 miles
-
NCT Trailhead - 40th Street
5.11 miles
-
Newaygo-Whitecloud Carpool Parking
5.34 miles
-
Burger King
0.16 miles
-
Wendy's
0.19 miles
-
Subway
0.20 miles
-
City Limits Resturaunt
0.22 miles
-
McDonald's
0.22 miles
-
KFC/Taco Bell
0.23 miles
-
Little Caesars
0.41 miles
-
Driftwood Bar and Grill
7.88 miles
-
Elsie's Ice Cream
8.31 miles
-
The Lunch Pail
8.37 miles
-
Newaygo High School
0.20 miles
-
Newaygo Elementary School
0.69 miles
-
Newaygo Middle School
1.08 miles
-
Salem School
3.04 miles
-
Lambson School
3.14 miles
-
Garfield Center School
3.28 miles
-
Kimball Lake School
3.84 miles
-
South Garfield School
4.23 miles
-
Pleasant Valley School
5.26 miles
-
Patterson School
5.38 miles
Frequently Asked Questions
The sale price for 161 Units Multifamily Investment Sale - Newaygo & Grant is available upon request. Contact the listing broker for more information.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.