Saginaw, MI 48602,121 N WOODBRIDGE Street

$2,500,000

Est. payment /mo
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

121 N WOODBRIDGE Street Saginaw, MI 48602

40 Beds

40 Baths

26,007 SqFt

SOLD DATE : 06/01/2025

Key Details

Property Type Multi-Family

Sub Type Traditional

Listing Status Sold

Purchase Type For Sale

Square Footage 26,007 sqft

Price per Sqft $79

Subdivision P C & E C Andres Add-Saginaw City

MLS Listing ID 20250011601

Style Traditional

Bedrooms 40

Full Baths 40

Year Built 1966

Annual Tax Amount $22,248

Lot Size 0.750 Acres

Property Sub-Type Traditional

Property Description

This sale includes multiple properties 40 units in total. 121 N Woodbridge, 24 unit multifamily apartment building (8-2BR units, 16-1 BR units), 2129 Weiss St quadplex (4-2 BR Units), and 2215 Weiss St three quadplex buildings (12-2BR units). Only 2.5% vacancy maintained over the last several years leading up to fall 2024. One unit in the quadplex (2129 Weiss) had a kitchen fire in the spring of 2024. Owner is negotiable on the repairs as it is currently under rehab, it has passed electrical inspections. Current rents are well below market rents! Excluding the current vacancy loss & excess fire damage repairs in 2024, this property is being offered a 7.3% Cap. Woodbridge units have water included with rent, electric is sub metered. Weiss quadplex units have water and heat included with rent, electric is sub metered. No showings without an accepted LOI & Proof of Funds.

Location

State MI

County Saginaw

Area Saginaw

Zoning Multi-Family

Interior

Heating Radiant

Exterior

Garage Spaces 24.0

Roof Type Asphalt

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Saginaw City

Others

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Realcomp MLS
Listed by Christopher G Gustafson of Real Broker LLC
Bought with Unidentified Office
agent

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

GET MORE INFORMATION

Name
Phone*
Message