335 Horatio St Charlotte, MI 48813
Fully occupied apartment building near University of Michigan campus.
Lot size:
2.00 AcresProperty Features for 335 Horatio St
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 2.00 Acres
Building Details
- Year built
- 2004
Source:
Elliman
Listing Agent: Bilal A Hamie
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Profitable 17-Unit Apartment Building
This 17-unit apartment building is fully occupied and generates approximately $15,000 per month. The property was renovated in 2004 and includes eleven 2-bedroom units, five 1-bedroom units, and one studio apartment, each with unique features. Tenants are responsible for their own heat and electric expenses. The building has been maintained to a high standard and has a consistent waitlist for vacancies. A University of Michigan campus has recently opened nearby, and The Shyft Group has also opened a site in the area, creating new job opportunities. The downtown area is experiencing growth with new businesses. The seller will provide the certificate of occupancy and annual operating data upon receipt of an acceptable offer. Accepted Letter of Intent (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 Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Eaton
- State
- Michigan
- Longitude
- -84.8329598
- Latitude
- 42.5588932
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FAQs
What type of property is this?
Apartment building - Fully occupied apartment building near University of Michigan campus.
Where is this apartment building located?
The property is located at 335 Horatio St Charlotte, MI.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: - 100% Occupied with Consistent Waitlist, Indicating Strong Demand; - Generates Almost $15K Per Month with Tenants Paying Own Heat and Electric; - 17-Unit Building Consisting of (11) 2-Bedroom, (5) 1-Bedroom, and (1) Studio Apartments
