Building Details

Year Built 1990

Buildings 2

Units 7

Tenancy Multi

Listing Agency: Pellow Realty Group r***@pellowrealty.com Show Phone

Listed By: Rebecca Kellar · License #6501313703 Show Phone

Source: Elliman

Added: Aug 13 Changed: Aug 14 Last Checked: Aug 20 at 11:56AM

Report an Issue

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 Pellow Realty Group

Investment Insights

Based on property information with market context.

This multifamily property includes two apartment buildings totaling seven occupied units, each configured with two bedrooms and one bathroom. Constructed in 1990, the property received a new roof and eaves in 2020. All bathrooms have been remodeled, while select apartments feature renovated kitchens with quartz countertops, updated cabinetry, subway tile, sinks, and newer appliances. Additional improvements include updated front windows, patio dividers, oak railings, replacement water tanks, quarry tile flooring in three units, revised thermostats, smoke and carbon monoxide detectors, and upgraded electrical switches and outlets.

The buildings are located at 409 Connor St and 415 Connor in Onsted, Michigan. Adjacent vacant land is included in the property information as an area for potential additional construction. Walk Score is 31 and Bike Score is 39, reflecting a car-dependent and somewhat bikeable setting.

Key Highlights

• Seven fully occupied apartment units across two buildings
• All units offer 2 bd / 1 bth layouts
• New roof and eaves installed in 2020

Property Analytics

Property Profile

Current Use

Whitt Lawn Care, ... Landscaping Loose Grit Detailing Big Box & Wholesale Store

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store HVAC Service Auto Repair Shop Storage Facility Grocery & Convenience 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

7

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

85

Businesses Nearby

Explore this area Business Placement

Demographics for 49265, MI

5,055

Population

2,468

Households

2

Avg Household Size

49

Median Age

27%

College-Educated

95%

High-School Grad

32.4 sq mi

ZIP Area

156

Density / Sq Mi

$70,020

Median Household Income

$44,914

Median Earnings

$903

Median Rent

$245,100

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?

Ask Rey about this property ...

Similar For Sale Nearby

Office-Medical Building

400 N Main St, Onsted, MI 49265

$900,000

6,000 SF

View details

Two-Building Apartment Property

409 Connor Street, Onsted, MI 49265

$799,000

0.31 Acres

View details

Industrial Flex Property with Three Buildings

10464 Bryan Hwy, Onsted, MI 49265

Contact for pricing

39,780 SF

View details

Scenic Irish Hills Opportunity

10464 Bryan Hwy, Onsted, MI 49265

Contact for pricing

39,780 SF

View details

Frequently Asked Questions

What type of property is this?

Apartment building - Two-building multifamily property with renovated interiors, updated systems, and full occupancy.

Where is this apartment building located?

The property is located at 409 Connor St Onsted, MI.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Seven fully occupied apartment units across two buildings; All units offer 2 bd / 1 bth layouts; New roof and eaves installed in 2020