Location

EXECUTIVE SUMMARY:

Country Side is located in the Village of Reese, MI, just south of downtown, on approximately 1.58 acres of land area along the east side of S Reese Road. The 22-unit Country Side Apartments were built in 1974 and consists of three, two-story buildings on concrete slabs, with brick and stucco siding. There are six two-bedroom apartments in the north building and 16, one-bedroom units in the east buildings. One of the buildings features a newly replaced metal roof. The utility breakdown of this property includes tenant-paid, electric baseboard heaters and cooled by sleeve air conditioning units. Water at the property is the responsibility of the Landlord.

Village South is adjacent to the north from Country Side Apartments off S. Reese Rd just south of downtown Reese, MI. The 20-unit Village South was built in 1970 on 1.8 acres and consists of three, two-story buildings with eight studio apartments approximately 300 sq.ft., and twelve two-bedroom units approximately 800 sq.ft., with common laundry rooms in buildings “B” & “C”. Tenants are responsible for electric with the landlord pays for water and trash.

Chalet North I & II are located 15 minutes away in nearby Vassar along the east side of N. Main Street, and the south side of N. Lincoln Street consisting of two irregular-shaped parcels that contain approximately 0.90 acres of land area. The property consists of two two-story buildings with a total of 16 units in the complex. Chalet North I was built in 1974 and the building fronts Main St. while Chalet North II was built in 1984 and fronts N Lincoln separated by a shared a parking lot. Each unit has one bedroom and one bathroom. The units in the Main Street building are heated by electric baseboards and cooled by sleeve air conditioning units. The Lincoln Street building is heated by a central boiler baseboards and cooled by sleeve air conditioning units. The site is serviced by public natural gas and electric utilities and is connected to city water and sewer.