1710 E G Ave - Apartments FOR SALE


Parchment, MI 49004
$1,650,000 USD
1710 E G Ave, Parchment, MI for Sale
$1,650,000 USD
Apartments - FOR SALE
1/49
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1710 E G Ave
Parchment, MI 49004


HIGHLIGHTS

  • 2 buildings
  • 16 total units
  • Close to Parchment schools

OVERVIEW

1710 E G Ave, Parchment, MI 49004 is a prime investment opportunity featuring a fully renovated 16-unit multi-family property listed at $1,950,000. Built in 1973 and situated on 0.86 acres, the property includes 11 two-bedroom and 5 one-bedroom units, with 15 currently occupied and the last unit in the leasing process. Recent upgrades such as a new roof, resurfaced parking lot, and new boiler and AC units ensure low maintenance costs. Located near schools and major employers, with easy access to Gull Road and shopping, this turnkey investment offers immediate cash flow potential and long-term growth in the thriving Parchment community.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

16

PRICE/UNIT

$103,125

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

R-M MUL

APN/PARCEL ID

06-02-201-040

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