Homes for sale - 2342 AURELIUS Road, Holt, MI 48842 2129

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Tanisha Perona

LPT Realty

tanisha@rwgrealty.com +1(401) 484-0130

$ 1,850,000

Est. payment | -/mo

19 Baths

18,200 SqFt

Save

$ 1,850,000

Est. payment | -/mo

Save

19 Baths

18,200 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 18,200 sqft

Price per Sqft $101

Subdivision Mi

MLS Listing ID 60350562

Style 2 Story

Full Baths 19

Year Built 1999

Annual Tax Amount $21,912

Lot Size 1.490 Acres

Acres 1.49

Lot Dimensions 175.80 x 336.00

Property Description

Sugar Pine Apartments is a stabilized, value-add 19 unit apartment building located in Holt, MI. The property consists of eighteen 1 bedroom apartments (800 square feet) one 3 bedroom unit (1,000 square feet) and 9 storage units. The property is 100% occupied grossing $17,295 per month. All 19 units are in one building - that was built in 1999. Each unit is equipped with a window air conditioning unit, along with baseboard heat. There are 28 parking spaces for the 19 units. The units are separately metered for electric which the tenant puts in their name. The heat is supplied through baseboard heat. The landlord pays for water, sewer and trash. Most properties in the area bill back for these utilities, so there is opportunity to increase value through collecting RUBS. The current owner has invested over $100,000 into the building this year including patching, sealing and striping the parking lot, 3 unit renovations, and exterior / common area CAPEX.

Location

State MI

County Ingham

Area Delhi Twp (33004)

Zoning Multi-Family

Rooms

Basement Finished

Interior

Heating Baseboard

Fireplace No

Exterior

Exterior Feature Brick

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Holt Public Schools

Others

Ownership Private

Assessment Amount $569

Energy Description Natural Gas

Financing Cash,Conventional

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by Greater Development LLC

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(401) 484-0130

tanisha@rwgrealty.com

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