801 S Mill St - Apartments FOR SALE


Clio, MI 48420
$440,000 USD
810-813-4017
801 S Mill St, Clio, MI for Sale
$440,000 USD
Apartments - FOR SALE
1/63
null | 9.21% Cap Rate

801 S Mill St
Clio, MI 48420


HIGHLIGHTS

  • All Units Completely Remodeled
  • Conveniently Located
  • 100% Occupied

OVERVIEW

Charming 7 unit apartment complex conveniently located across from VGs and within walking distance to schools and shopping. Each unit has a separate electric, water heater and heat source. Exterior remodeled in 2017, including siding, roof and asphalt. All units completely remodel between 2020 and 2022.There are 3 one bedroom apartments, 1 two bedroom apartment, 1 three bedroom apartment, 1 efficiency apartment and a separate small house with one bedroom. Individual apartment showings contingent upon an approved purchase agreement and proof of funds.

FOR SALE DETAILS

PRICE

$440,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

7

PRICE/UNIT

$62,857

CAP RATE

9.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

42,949 SF

ZONING

Commercial

APN/PARCEL ID

51-23-100-003

ASK ABOUT THIS PROPERTY

Andrea RobinsonWEICHERT, REALTORS - Grant HamadyMore Info
810-813-4017

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Andrea RobinsonWEICHERT, REALTORS - Grant HamadyMore Info
810-813-4017

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.