Beaver

Multi-Family for Sale
Catylist Listing ID: 30650682
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden, Mid-Rise, Mixed Use, Senior Living, Student Housing, Other
Number of Units: 18 Units
Building Size (RSF): 7,500 SF
Gross Land Area: 0.63 Acres
Sale Price: $125,000
Unit Price: $6,944.44 Per Unit
Property Use Type: Investment, Business
Building Name: Beaver
Usable Size (USF): 7,500 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Gross Rent Multiplier: 10
Last Updated: 7/16/2021

Overview / Comments

2 Leased Apartments, 13 Leased Storage Units.
Net Income: 14,000/yr. with the 1 unfinished and finish outside Siding, most siding needed on site..
Property should bring in Net $25,000.
There is space to expand the storage unit by an additional 15 Units.

Additional Details

Nearest MSA: Bay City
County: Bay
Taxing Authority: Beaver Twp
Tax ID/APN: 020 027 300 025 00
Zoning: COMMERCIAL
Percent Occupied: 60%
Property Located Between: Willard MI
Highway Access: I-75 & US-10 10 Miles
Airports: MBS, Bay City, Flint
Site Description: Level, creek near for good drainage.
Area Description: Very rural commercial commercial development, 6 Businesses. Farms all around.
Total Number of Buildings: 3
Property Condition: Fair
Number of Stories: 2
Year Built: 2000
Year Renovated: 2000
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: Some new siding needs to be installed on apt. Storage Buildings excellent condition.
Parking Ratio: 10 (per 1000 SF)
Parking Type: Surface
Parking Description: Level.
Total Parking Spaces: 18
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Baseboard
Fuel: Gas
Air Conditioning: Window Unit
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Fiber Optic, Other
Interior Description: Good
Zoning Description: Commercial.
Lot Frontage: 165'
Lot Depth: 166'
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Fee simple
Legal Description: COM 264 FT E OF SW COR OF SEC TH E 166 FT TH N 165 FT TH W 166 FT TH S 165 FT TO BEG. SEC.27,T15N,R3E

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,809 23,630
Median Age: 42.58 39.57
Households: 1,407 9,291

Contact

Photograph of Listing Agent

Henry Johnson

Henry Johnson Real Estate & Leasing Company
CPIX Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.