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Six-Unit Apartment Building
For Sale
$250,000

204 Michigan Ave, Owosso, MI 48867

One-bedroom residences occupy a corner parcel and are leased on a month-to-month basis.

Property Size3,512 SF
Price / SF$71.18
Days on Market18

Property Features for 204 Michigan Ave

General Information

Standard status Active
Size 3,512 SF
Property subtype Multi-Family

Units

Unit Mix 6 x 1BR
Multifamily Units 6

Building Details

Year Built 1900
Listing Agency: Richard Selleck Agency
Listed By: Mike Selleck · License #650210427
Source: Metrodetroithomeguide
Added: Aug 12 Changed: Aug 28 Last Checked: Aug 29 at 10:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Richard Selleck Agency

Investment Insights

Based on property information with market context.

Built in 1900, this apartment property at 204 Michigan Avenue in Owosso contains six one-bedroom apartments on a corner lot. The unit configuration provides a straightforward multifamily layout with month-to-month lease terms.

Residents are responsible for electric service. Ownership covers gas, water, and garbage service. Property access for prospective purchasers or other authorized parties requires 48 hours’ notice.

Key Highlights

  • Six one‑bedroom apartments
  • Built in 1900
  • Corner lot at 204 Michigan Avenue, Owosso, MI 48867

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Big Box & Wholesale Store Furniture & Home Goods HVAC Service (Bike/Boat/Book/etc) Store

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

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

856
Businesses Nearby

Demographics for 48867, MI

27,596
Population
12,660
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
136.0 sq mi
ZIP Area
203
Density / Sq Mi
$58,718
Median Household Income
$37,908
Median Earnings
$834
Median Rent
$145,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - One-bedroom residences occupy a corner parcel and are leased on a month-to-month basis.
Where is this apartment building located?
The property is located at 204 Michigan Ave Owosso, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Six one‑bedroom apartments; Built in 1900; Corner lot at 204 Michigan Avenue, Owosso, MI 48867
More about this property
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