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$ 2,500,000
Est. payment | /mo
16 Baths
1.7 Acres Lot
$ 2,500,000
Est. payment | /mo
16 Baths
1.7 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 50214851
Year Built 1971
Lot Size 1.700 Acres
Acres 1.7
Lot Dimensions 250x300
Source MiRealSource
Property Description
Eight duplexes conveniently located on the north end of Port Huron close to shopping and the beach. Units have undergone significant upgrades in the past two years. Fully occupied with a low vacancy rate. Each unit has all separate utilities. The landlord is currently paying some of the water bills but as the leases renew the tenants will be paying their own water bill. 1522/1524 and 1528/1530 both have a 2-car garage, which the landlord currently uses for his own use and could be rented for additional income. The other 12 units have a carport and additional parking available. NOI with a 5% vacancy factor $147,937. Current cap rate 6%. Cap rate after elimination of water expense 6.6
Location
State MI
County St. Clair
Interior
Cooling Wall Unit(s)
Exterior
View Y/N No
Building
Structure Type Aluminum Siding,Brick
Others
Tax ID 06-216-0046-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Realty Executives Home Towne Shelby
Nearby Locations
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