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1525 Schust Rd Saginaw, MI 48604

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Pending
$659,000

Fully rented apartment building with strong rental history.

Lot size:
1.25 Acres

Property Features for 1525 Schust Rd

General Information

Property type
Commercial
Standard status
Pending
Lot size
1.25 Acres

Building Details

Year built
1977

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Listing Contact
Diana Bay
Source: Elliman

Listing Agency: Century 21 Signature Realty Listing Agent: Diana Bay

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

16-Unit Apartment Building Investment

This 16-unit apartment building presents an investment opportunity. The property is situated on a corner lot, offering excellent visibility and front parking. The unit mix includes 2 studios, 12 one-bedroom units, and 2 two-bedroom units. The property is fully rented, demonstrating a strong rental history with 100% occupancy. Updated systems include a newer roof and separate utility meters. Tenants are responsible for gas and electric utilities. On-site laundry facilities provide added convenience. This property is an income-producing asset with long-term upside potential.
Location Intelligence

Current Use by Public Records

Schust View Apts Apartment Building

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Saginaw
County
Saginaw
State
Michigan
Longitude
-83.94623
Latitude
43.472114

FAQs

What type of property is this?
Apartment building - Fully rented apartment building with strong rental history.
Where is this apartment building located?
The property is located at 1525 Schust Rd Saginaw, MI.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: - Fully Rented: 100% occupancy provides immediate income.; - Newer roof and separate utility meters minimize maintenance costs with Updated Systems.; - Tenant-Paid Utilities: Tenants cover gas and electric, reducing owner expenses.
More about this property
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