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Additional details
$ 3,199,999
Est. payment /mo
Active
301-335 Horatio ST Charlotte, MI 48813
220,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 220,000 sqft
Price per Sqft $14
Subdivision Lawrence'S Sub
MLS Listing ID 20250020177
Year Built 2004
Lot Size 4.050 Acres
Property Sub-Type RealEstateOnly
Property Description
GREAT INVESTMENT OPPORTUNITY! THIS VERY CLEAN AND UP-TO-CODE 17-UNIT APARTMENT BUILDING IS 100% OCCUPIED AND HAS NEVER HAD ANY ISSUES WITH TENANTS. IT GENERATES ALMOST 15K PER MONTH, WITH EVERY TENANT PAYING THEIR OWN HEAT AND ELECTRIC. RENOVATED IN 2004, THE PROPERTY CONSISTS OF (11) 2-BEDROOM UNITS, (5) 1-BEDROOM UNITS, AND (1) STUDIO APARTMENT, ALL DESIGNED WITH UNIQUE FEATURES—NONE ARE DUPLICATES. THE BUILDING HAS BEEN MAINTAINED AT A HIGH LEVEL AND HAS HAD A CONSISTENT WAITLIST FOR VACANCIES, INDICATING STRONG DEMAND. ADDITIONALLY, THERE IS A REDEVELOPMENT OPPORTUNITY TO EXPAND THE PROPERTY BY ADDING 100 MORE UNITS, WITH THE PROPOSED PROJECT VALUED AT $8.9 MILLION. THE UNIVERSITY OF MICHIGAN RECENTLY OPENED A CAMPUS NEARBY! THE SHYFT GROUP HAS ALSO OPENED A SITE IN THE AREA CREATING NEW JOB OPPORTUNITIES. THE DOWNTOWN AREA IS THRIVING WITH NEW BUSINESSES, CREATING A WELCOMING ATMOSPHERE FOR RESIDENTS. THE SELLER WILL PROVIDE THE CERTIFICATE OF OCCUPANCY AND ANNUAL OPERATING DATA UPON RECEIPT OF AN ACCEPTABLE OFFER. ACCEPTED LOI AND PROOF OF FUNDS ARE REQUIRED PRIOR TO SHOWING THE PROPERTY. ALL DATA IS APPROXIMATE, AND THE BUYER'S AGENT SHOULD VERIFY ALL INFORMATION.
Location
State MI
County Eaton
Area Area23102Charlotte
Exterior
View Y/N No
Building
Sewer PublicSewer
Water Public
New Construction No
Schools
School District Charlotte
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Bilal A Hamie of RE/MAX Team 2000