21761 Hillside Dr - Apartments FOR SALE


Clinton Township, MI 48035
$700,000 USD
360-989-5395
21761 Hillside Dr, Clinton Township, MI for Sale
$700,000 USD
Apartments - FOR SALE
1/5
null | 9.08% Cap Rate

21761 Hillside Dr
Clinton Township, MI 48035


OVERVIEW

ONLY 7 UNITS NOT 31. WAITING FOR COSTAR TO UDATE The Hillside Condo's consist of 7 condo units nestled in Clinton Township, MI. The property consists of four 1 bedroom 1 bath apartments, 700 square feet each and three 2 bedroom 1 bath units, 850 square feet each. The property has one vacancy and 6 filled units, grossing $6,500 per month. The condos have been renovated extensively over the past 6 months with new carpet, trim, and fixtures. Several units have new cabinets, toilets, appliances, outlets, and windows. There is an HOA fee that covers all of the expenses aside from the taxes. Having the HOA and renovated units creates a hassle free ownership from the landlord perspective. The 7th unit that is vacant was a long term tenant who was only paying $600 per month. Having this unit vacant presents a value add proposition for the next owner. The property has window AC, baseboard heat, and common laundry.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$32 USD /SF

# OF UNITS

31

PRICE/UNIT

$22,581

CAP RATE

9.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

407

APN/PARCEL ID

16-11-27-404-071

ASK ABOUT THIS PROPERTY

Brady WilliamsGreater DevelopmentMore Info
360-989-5395

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Brady WilliamsGreater DevelopmentMore Info
360-989-5395

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