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8059 McDermitt Dr
Davison, MI 48423 Burton/Davison

$11,500,000 USD

Apartments For Sale  •  123,644 SF

Property Details

  • Property Type Apartments
  • Total Building Size 123,644 SF
  • Lot Size 10.05 AC
  • Building Class C
  • Year Built 1974
  • Cap Rate 6.39 %
  • Zoning RM2, Davison
0 Transit Score
30 Walk Score

Highlights

Located in Davison Township within walking distance of shopping, banks, parks, and schools.
Includes 123 apartment homes with a diverse unit mix featuring one-bedroom apartments, two-bedroom units, and spacious townhomes.
Well-maintained with recent capital improvements, including four new roofs.
RUBS system in place for water and gas billing, enhancing expense control for ownership.
Expected NOI increase from $734,568 to $785,084 through rent optimization in year two.
Situated on over 10 acres with onsite amenities such as laundry facilities, recycling, 24-hour access, and tenant-controlled HVAC in townhomes.
Cap Rate: 6.39 %

Major Tenants

Tenant SF Occupied Lease End Date
Dans Mobile Homes

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Washer/Dryer Hookup
  • Recycling
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Bishop International 28 min - 15.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 246
Type: Surface
Included in Rent: Yes
Bruce Lister 248-515-2785 Income Property Organization
Bruce Lister 248-515-2785 Income Property Organization