Listing Agency: Keller Williams First Show Phone

Listed By: Kris Delaney · License #6501368129 Show Phone

Source: Brendaharrisgroup

Added: Mar 11 Changed: Sep 8 Last Checked: Sep 8 at 7:37AM

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Investment Insights

Based on property information with market context.

This is a turnkey investment property featuring five units situated on 3.5 acres. Located 15 minutes north of Owosso and within the Chesaning school district. The property includes a metal roof that is approximately 8 years old and vinyl siding. The unit mix consists of four one-bedroom units and one two-bedroom unit. Tenants are responsible for paying their electric bills, while the owner covers the costs of gas and garbage services.

Key Highlights

• Turnkey investment property ready for its new owner
• 5 units on 3.5 acres provides ample space
• Consists of 4 one‑bedroom units and 1 two‑bedroom unit

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Restaurant Bed & Breakfast Bar & Pub Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

Explore this area Business Placement

Demographics for 48616, MI

7,458

Population

3,226

Households

2.3

Avg Household Size

45

Median Age

14%

College-Educated

92%

High-School Grad

81.1 sq mi

ZIP Area

92

Density / Sq Mi

$67,801

Median Household Income

$39,141

Median Earnings

$744

Median Rent

$153,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Five-unit residential property on 3.5 acres near Owosso.

Where is this apartment building located?

The property is located at 16350 Oakley Road Chesaning, MI.

What is the asking price?

The asking price for this property is $354,999.

What are key features of this property?

This property features: Turnkey investment property ready for its new owner; 5 units on 3.5 acres provides ample space; Consists of 4 one‑bedroom units and 1 two‑bedroom unit