The bid deadline for the the Country Ridge in Farmington Hills and Burwick Farms in Howell is Aug. 20, according to Jonathan Dwoskin, an investment specialist in Marcus & Millichap's local office. Dwoskin, along with Marcus & Millichap agents Peter Katz and Steven Weinstock, are marketing the properties.
Country Ridge Apartments is a 252-unit garden-style property located at 30545 Crest Forest. It is listed individually for $23.5 million. The community was constructed in 1986 and includes 278,060 sf on approximately 22 acres. The property has 80 one-bedroom and 172 two-bedroom apartments, ranging in size from 917 sf to 1,195 sf. Occupancy is 93%.
Burwick Farms is a 264-unit, well-maintained property located at 525 W. Highland Rd. It is listed individually for $22.5 million. The community was constructed in 1991 and includes 274,540 rentable sf on approximately 30 acres. The unit mix is comprised of 80 one-bedroom and 172 two-bedroom apartments, ranging in size from 910 sf to 1,125 sf. Occupancy is 94%.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.