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301-335 Horatio St Charlotte, MI 48813

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For Sale
$3,199,999

Seventeen-unit apartment building, fully occupied, generating almost $15,000 monthly.

Lot size:
4.05 Acres

Property Features for 301-335 Horatio St

General Information

Property type
Commercial
Standard status
Active
Lot size
4.05 Acres

Building Details

Year built
2004

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Listing Contact
Bilal A Hamie
Source: Elliman

Listing Agent: Bilal A Hamie

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

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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

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Charlotte
County
Eaton
State
Michigan
Longitude
-84.8329983
Latitude
42.5598836

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
More about this property
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