548 Shattuck Rd - Apartments FOR SALE


Saginaw, MI 48604
$799,900 USD
989-790-2611
548 Shattuck Rd, Saginaw, MI for Sale
$799,900 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

548 Shattuck Rd
Saginaw, MI 48604


OVERVIEW

Fully stabilized mixed-use investment offering strong in-place cash flow, zero vacancy risk in core components, and immediate upside through commercial lease-up. NOI: $115,860 Gross Income: $154,560 Expenses: $38,700 Cap Rate: ~14.5% Residential 8 Units – 100% occupied with stable income. Warehouse 8,000 SF – 100% occupied. Below-market rents. Commercial Space 3,000+ SF vacant. Value-add lease-up opportunity. Permitted Uses: Retail store, convenience store, grocery store, restaurant, café, coffee shop, bakery, barbershop, hair salon, nail salon, spa, massage therapy, medical office, dental office, chiropractic clinic, physical therapy clinic, pharmacy, insurance office, real estate office, law office, accounting office, professional office, coworking space, daycare center, tutoring center, fitness studio, gym, yoga studio, martial arts, ETC. Additional Income Coin-operated washer & dryer generating approximately $200/month ($2,400/year). Upside Potential: Lease commercial space, increase warehouse rents, unit conversions. $40K+ additional income potential. High cash-flow asset with immediate income and strong upside. Priced for fast sale.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$68 USD /SF

# OF UNITS

8

PRICE/UNIT

$99,988

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

Commercial

APN/PARCEL ID

11124123003000

ASK ABOUT THIS PROPERTY

Bob MorfordThe Miller Group of Saginaw, Inc.More Info
989-790-2611

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Bob MorfordThe Miller Group of Saginaw, Inc.More Info
989-790-2611

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