301-335 Horatio St Charlotte, MI 48813
Seventeen-unit apartment building, fully occupied, generating almost $15,000 monthly.
Lot size:
4.05 AcresProperty Features for 301-335 Horatio St
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 4.05 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 Multifamily Investment Opportunity
This seventeen-unit apartment building is a fully occupied investment property that generates almost $15,000 per month. All tenants are responsible for their own heat and electric. The property was renovated in 2004 and includes eleven 2-bedroom units, five 1-bedroom units, and one studio apartment, each with unique features. The building has been maintained and has a consistent waitlist for vacancies. There is a redevelopment opportunity to expand the property by adding 100 more units, with the proposed project valued at $8.9 million. The University of Michigan recently opened a campus nearby, and The Shyft Group has also opened a site in the area, creating new job opportunities. The downtown area is thriving with new businesses. The seller will provide the certificate of occupancy and annual operating data upon receipt of an acceptable offer.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Eaton
- State
- Michigan
- Longitude
- -84.8329983
- Latitude
- 42.5598836
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FAQs
What type of property is this?
Apartment building - Seventeen-unit apartment building, fully occupied, generating almost $15,000 monthly.
Where is this apartment building located?
The property is located at 301-335 Horatio St Charlotte, MI.
What is the asking price?
The asking price for this property is $3,199,999.
What are key features of this property?
This property features: - 100% Occupied 17-Unit Building Generating Almost $15K/Month; - Redevelopment Opportunity to Add 100 Units (Proposed Value: $8.9 Million); - Strong Tenant Demand with Consistent Waitlist for Vacancies
