Senior Condominium Multifamily
For Sale
Contact for pricing
5951 N Skeel Ave, Oscoda, MI 48750
A 20-unit condominium property with fitness and common-area amenities, featuring unfinished units alongside rent-ready homes.
Property SizeContact for details
Days on Market161
Property Features for 5951 N Skeel Ave
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1990
Buildings
1
Stories
4
Units
20
Listing Agency:
Hull Multifamily Advisors
Listed By:
Austin Hull · License #MI 6502430931
Source:
Crexi
Added: Apr 2
Changed: Sep 8
Last Checked: Sep 8 at 5:24AM
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 Hull Multifamily Advisors
Investment Insights
Based on property information with market context.
Oscoda Senior Condos is a built-in-1990, 20-unit condominium multifamily property. The community consists of (16) one-bedroom, one-bath units at approximately 540 SF and (4) two-bedroom, one-bath units at approximately 810 SF. On-site amenities cited in the offering include a fitness center, movie theater, and a recreation room.
HOA fees include all utilities, with water, electricity, internet, cable, and snow removal included. Of the 20 units, 13 are finished and rent-ready, while the remaining units are unfinished, creating a documented opportunity for a new owner to complete additional units for rental use.
The property is being marketed as a stabilized cash-flowing asset, with additional value-add potential tied specifically to completing the unfinished units.
HOA fees include all utilities, with water, electricity, internet, cable, and snow removal included. Of the 20 units, 13 are finished and rent-ready, while the remaining units are unfinished, creating a documented opportunity for a new owner to complete additional units for rental use.
The property is being marketed as a stabilized cash-flowing asset, with additional value-add potential tied specifically to completing the unfinished units.
Key Highlights
- 20 condominium units built in 1990 in Oscoda, MI
- Unit mix: (16) 540 SF 1 bed/1 bath and (4) 810 SF 2 bed/1 bath
- 13 of 20 units are finished and rent‑ready; remaining units are unfinished
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 48750, MI
8,978
Population
7,074
Households
1.3
Avg Household Size
50
Median Age
16%
College-Educated
89%
High-School Grad
103.5 sq mi
ZIP Area
87
Density / Sq Mi
$42,260
Median Household Income
$28,893
Median Earnings
$675
Median Rent
$110,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - A 20-unit condominium property with fitness and common-area amenities, featuring unfinished units alongside rent-ready homes.
Where is this apartment building located?
The property is located at 5951 N Skeel Ave Oscoda, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 20 condominium units built in 1990 in Oscoda, MI; Unit mix: (16) 540 SF 1 bed/1 bath and (4) 810 SF 2 bed/1 bath; 13 of 20 units are finished and rent‑ready; remaining units are unfinished
