33 Park Ln - Apartments FOR SALE


Sparta, MI 49345
$999,000 USD
989-980-7359
33 Park Ln, Sparta, MI for Sale
$999,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

33 Park Ln
Sparta, MI 49345


OVERVIEW

This 8-unit is ideally located in Downtown Sparta and is within walking distance to William Rodgers Park, Nash Creek, downtown restaurants, shops and much more. This property boasts numerous updates, including newly updated halls/common areas, newer boilers, deck replacement, updated apartments and much more. Boasting 4 - 2 bed, 1 bath units, this property has a strong unit mix. Tenants are responsible for electricity. Rents are below market and should be increased to market rents. Don't miss this great addition to your rental portfolio.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

8

PRICE/UNIT

$124,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

41-05-14-351-065

ASK ABOUT THIS PROPERTY

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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