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    548 Shattuck Rd Saginaw, MI 48604

    Sponsored
    For Sale
    $789,900

    8-Unit Multifamily, Renovated 2023

    Property size:
    11,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    Exceptional investment opportunity in Saginaw, Michigan, presents this meticulously renovated 8-unit apartment building situated on a 1.47-acre lot at 548 Shattuck Rd, 48604. This two-story, multi-building complex totaling 11,840 square feet boasts a blend of spacious one, two, and three-bedroom apartments. Five units offer two bedrooms, one unit is a three-bedroom ADA-compliant apartment (currently under construction), and two units provide one bedroom each. The property underwent a complete renovation in 2023, featuring new metal siding and windows throughout. Inside, the apartments showcase modern updates and finishes. Beyond residential units, an additional 3,000 square feet offers versatile space, potentially suitable for office use or conversion into more apartments. A shared laundry area with coin-operated machines adds convenience for residents. Ample parking and storage are available on-site. Further enhancing the investment potential is a 7,200-square-foot warehouse currently leased to one tenant, providing supplemental rental income. The property is zoned RO-1 and was built in 1972. The asking price is $789,900, representing a price per unit of $98,737.50 and a price per square foot of $66.71. This property is owned by an LLC.

    Property Features for 548 Shattuck Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    11,840 SF
    Lot Size
    64,033 SF

    Building Details

    Year Built/Renovated
    1972/2023
    Buildings
    2
    Stories
    2
    Units
    8

    HighLights

    • $789,900 asking price for this eight‑unit apartment building.
    • Multifamily property with 11,840 square feet, totaling 8 units.
    • $66.71 price per square foot and $98,737.50 price per unit.
    • Recently renovated in 2023, with new metal siding and windows.
    • Features five 2‑bedroom units, one 3‑bedroom ADA‑compliant unit, and two 1‑bedroom units.
    • Includes approximately 3,000 square feet of additional space suitable for office or residential conversion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Valley Services University Projection Tool Machine Shop Pinewood Apartments Apartment Building 548 Shattuck Apartments Apartment Building

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.948047
    Latitude
    43.4510738

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    FAQs

    What type of property is this?
    Multifamily property - 8-Unit Multifamily, Renovated 2023
    Where is this multifamily property located?
    The property is located at 548 Shattuck Rd Saginaw, MI.
    What is the asking price?
    The asking price for this property is $789,900.
    What are key features of this property?
    This property features: $789,900 asking price for this eight-unit apartment building.; Multifamily property with 11,840 square feet, totaling 8 units.; $66.71 price per square foot and $98,737.50 price per unit.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    548 Shattuck Rd Saginaw, MI 48604
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