Location

EXECUTIVE SUMMARY:

The Landing & River Park Apartments (72 Units) is located at 4469 High St, 4496 High St, 4581 High St., and 25 Le Blanc St, Ecorse, MI 48229. The Landing & River Park Apartments were built in 1971 – 1973 and consist of garden style apartments constructed of brick with Mansard – Pitched roofs. The property contains a unit mix of five 600 ft.2 one-bedroom units and sixty-seven 700 ft.2 two-bedroom units. Notable for investors is the large number of two bedroom units and all the units have their own furnace. The utility breakdown of this property includes tenant-paid electricity, and landlord-paid gas heat and hot and domestic water.

The Landing & River Park Apartments is a Court Appointed Receivership Sale. This is a great opportunity for an investor with experience to come in and create value by stabilizing the asset.
The bid deadline for this offering is December 5th, 2019 at 4:00 pm (EST); however, the receiver will take into consideration all offers received prior to the expiration of the bid deadline. If an acceptable offer is received prior to the deadline, the receiver reserves the right to forgo the remaining bid process. Site tours will be conducted on December 3rd, by appointment only.