912 N State Rd - Apartments FOR SALE


Davison, MI 48423
$800,000 USD
734-223-1015
912 N State Rd, Davison, MI for Sale
$800,000 USD
Apartments - FOR SALE
1/6
null | 9% Cap Rate

912 N State Rd
Davison, MI 48423


HIGHLIGHTS

  • 912 N State Road presents an 11-unit, well-maintained multifamily building, bringing in over $87,000 a year in rental income.
  • Opportunity knocks in the heart of Davison, MI, and this asset provides an investor with a stabilized asset to add to their portfolio.
  • Low rents currently in-place enable opportunity for value-add with increased rent and cap rate.
  • This large multifamily building has a shared parking lot, offers spacious kitchens, and is in a great location for commuters.

OVERVIEW

Welcome to the 11-unit multifamily investment opportunity at 912 N State Road with untapped upside potential. This 4,992-square-foot building is well-maintained and shares a parking lot with its surrounding residential neighbors. Currently, the low rents present value-add with the opportunity to increase rental and cap rate! Davison is a city in Genesee County in the US state of Michigan and a suburb of Flint. The population was 5,173 as of the 2010 census. Davison is located within the Davison Township survey township area (7N 8E) but is administratively autonomous.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

11

PRICE/UNIT

$72,727

CAP RATE

9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

Multi-Family

APN/PARCEL ID

52-03-300-014

ASK ABOUT THIS PROPERTY

Larry GotcherResource Realty GroupMore Info
734-223-1015

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Larry GotcherResource Realty GroupMore Info
734-223-1015

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