1 Cambridge Dr - Multi-Family FOR SALE


Gladstone, MI 49837
$1,800,000 USD
906-280-6949
1 Cambridge Dr, Gladstone, MI for Sale
$1,800,000 USD
Multi-Family - FOR SALE
1/7
null | 8.06% Cap Rate

1 Cambridge Dr
Gladstone, MI 49837


HIGHLIGHTS

  • Attached garages
  • Quiet neighborhood with privacy
  • Open concept floor plans

OVERVIEW

12 condos built as side by side duplexes on a parcel to create its own unique neighborhood. Each unit has its own garage and is 1100 square feet of living space. All units are fully leased with long term tenants. Each unit is taxed and metered separately and tenants pay all utilities. The condo association pays for lawn maintenance, snow removal and all exterior maintenance.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$136 USD /SF

# OF UNITS

12

PRICE/UNIT

$150,000

CAP RATE

8.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,000 SF

ZONING

multi family

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Karen LaFaveJklafave propertiesMore Info
906-280-6949

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Karen LaFaveJklafave propertiesMore Info
906-280-6949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.