Colony Hill Apartments

Sold | $4,250,000

Waterford Twp, MI | Units: 64 | Price Per Unit: $66,406 | Avg Sq Ft: 910 | Listing Agent: Greg Coulter

Location

Executive Summary

Located just east of Airport Road, you will find Colony Hill Apartments on the north side of Hatchery Road. It is a well-maintained, quiet, multifamily community. This five building complex was built in 1986 and has a combined 64 units. The property offers a diversified and extremely competitive unit mix comprised of 32 one-bedroom units with approximately 860 sq.ft. of living space, and 32 two-bedroom units with approximately 960 sq.ft. of living space. The landlord is responsible for the water and electric in the common areas. The tenants are responsible for their own gas & electric. The current owner places a high priority on making Colony Hill Apartments a welcome place for its residents.