REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,999,999
Est. payment | /mo
18,500 SqFt
$ 1,999,999
Est. payment | /mo
18,500 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 18,500 sqft
Price per Sqft $108
MLS Listing ID 20250035922
Year Built 2004
Annual Tax Amount $24,858
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions 630.00 x 280.00
Source Realcomp
Property Description
GREAT INVESTMENT OPPORTUNITY! THIS VERY CLEAN AND UP-TO-CODE 17-UNIT APARTMENT BUILDING IS 100% OCCUPIED AND HAS NEVER HAD ANY ISSUES WITH TENANTS. IT GENERATES ALMOST 15K PER MONTH, WITH EVERY TENANT PAYING THEIR OWN HEAT AND ELECTRIC. RENOVATED IN 2004, THE PROPERTY CONSISTS OF (11) 2-BEDROOM UNITS, (5) 1-BEDROOM UNITS, AND (1) STUDIO APARTMENT, ALL DESIGNED WITH UNIQUE FEATURES—NONE ARE DUPLICATES. THE BUILDING HAS BEEN MAINTAINED AT A HIGH LEVEL AND HAS HAD A CONSISTENT WAITLIST FOR VACANCIES, INDICATING STRONG DEMAND. THE UNIVERSITY OF MICHIGAN RECENTLY OPENED A CAMPUS NEARBY! THE SHYFT GROUP HAS ALSO OPENED A SITE IN THE AREA CREATING NEW JOB OPPORTUNITIES. THE DOWNTOWN AREA IS THRIVING WITH NEW BUSINESSES, CREATING A WELCOMING ATMOSPHERE FOR RESIDENTS. THE SELLER WILL PROVIDE THE CERTIFICATE OF OCCUPANCY AND ANNUAL OPERATING DATA UPON RECEIPT OF AN ACCEPTABLE OFFER. ACCEPTED LOI AND PROOF OF FUNDS ARE REQUIRED PRIOR TO SHOWING THE PROPERTY. ALL DATA IS APPROXIMATE, AND THE BUYER'S AGENT SHOULD VERIFY ALL INFORMATION.
Location
State MI
County Eaton
Area Eaton County - E
Zoning Commercial
Direction S HORATIO | E SEMINARY
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Charlotte
Others
Tax ID 20006260019500
Listed by RE/MAX Team 2000
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "