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71 photos
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In-PersonVirtual Tour
$1,999,999
Est. payment /mo
18,500 SqFt
UPDATED:
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
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Listed by RE/MAX Team 2000
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Nick Schweihofer
Team Leader, Broker | License ID: 6506047709
Team Leader, Broker License ID: 6506047709
REVIEWS
- Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!Gordon L
- Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!Emily Rzeszutko
- Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!Kayla Kocal
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