10477 Sprinkle Rd - Apartments FOR SALE


Vicksburg, MI 49097
$574,900 USD
269-983-0011
10477 Sprinkle Rd, Vicksburg, MI for Sale
$574,900 USD
Apartments - FOR SALE
1/3
null | 9.6% Cap Rate

10477 Sprinkle Rd
Vicksburg, MI 49097


HIGHLIGHTS

  • Four-unit all-brick structure with updated interiors, including new appliances and lighting in most units.
  • Located on a 2-acre parcel offering flexibility for future expansion or complementary development.
  • Recent capital improvements include roof replacement (2020), new asphalt paving, and landscaping.
  • Additional income opportunity with on-site garages and storage options in a substantial pole barn.
  • Convenient access to Kalamazoo, Portage, Austin Lake, Long Lake, and multiple major roadways for regional connectivity.

OVERVIEW

Exceptional investment opportunity - 4-unit all-brick apartment building on a spacious 2-acre lot in central location near Austin Lake, Long Lake, recreational trails & parks, and close to Kalamazoo & Portage. Units 1-3 have been completely remodeled w/ new paint, carpet, blinds, kitchen appliances, backsplash, bathroom vanities, shower heads, lighting & new CO/smoke detectors. Each unit has separate electric meter (tenants pay electric only). Property features a 2020 roof, new asphalt parking lot, refreshed landscaping, and a pole barn w/ storage rooms. Additional income/utility options include 3 garage stalls (landlord use or optional tenant use) & two sets of landlord-provided washer/dryers for tenant use. Landlord pays property taxes, pole barn electric, well pump, common hallway electric, insurance, trash, & snow plowing. The expansive 2-acre parcel offers significant upside -- room to expand or build additional rental units (buyer to verify zoning/planning). Call LA for more info

FOR SALE DETAILS

PRICE

$574,900 USD

PRICE/SF

$115 USD /SF

# OF UNITS

4

PRICE/UNIT

$143,725

CAP RATE

9.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

11-31-152-080

ASK ABOUT THIS PROPERTY

Anissa DeSanctisColdwell Banker Anchor R.E.More Info
269-983-0011

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Anissa DeSanctisColdwell Banker Anchor R.E.More Info
269-983-0011

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