320 Higgins St - Apartments FOR SALE


Howell, MI 48843- Downtown Howell
$349,000 USD
248-866-0991
320 Higgins St, Howell, MI for Sale
$349,000 USD
Apartments - FOR SALE
1/12
null | 7.55% Cap Rate

320 Higgins St
Howell, MI 48843
Downtown Howell


OVERVIEW

3-unit multi-family triplex in Howell. It has been well-maintained and offers an investor a strong return with minimal involvement. There are two 2-bedroom 1-bath units and one 1-bedroom 1-bath unit. Steady occupancy here has not been a factor, because the units are all in decent shape and the property is located within easy walking distance of the shops and restaurants of downtown Howell. There is a downstairs laundry room with a new QR Code operated commercial washer and dryer available to all tenants here. Appliances in all units are in good working condition and have recently been replaced as needed. The interiors of each unit have been recently painted in entirety as well as the common front porch. Each unit has a separate furnace and water heaters. The property has passed the mandatory Howell City inspection within the last year. The picture captions in this listing start with unit mailing addresses as recognized by the Post Office., i.e. 320, 320 - 1/2 and 322. This listing is for a property that is a legitimate turn-key opportunity for the buyer. The building and furnishings have been updated, and the property lacks for nothing. The building is fully occupied. The owner has asked that interested buyers respect the privacy of the current tenants and do not walk on the property or try to communicate with the tenants. All questions and showing information should be directed to the Contact identified in this Listing.

FOR SALE DETAILS

PRICE

$349,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

3

PRICE/UNIT

$116,333

CAP RATE

7.55%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

Residential

APN/PARCEL ID

17-36-103-030

ASK ABOUT THIS PROPERTY

Michael DudashCreative Commercial Real Estate, Inc.More Info
248-866-0991

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Michael DudashCreative Commercial Real Estate, Inc.More Info
248-866-0991

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