6419 Houghton St - Apartments FOR SALE


Cass City, MI 48726
$125,000 USD
702-917-1314
6419 Houghton St, Cass City, MI for Sale
$125,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

6419 Houghton St
Cass City, MI 48726


HIGHLIGHTS

  • Value add potential
  • In Place Tenants
  • Great lot

OVERVIEW

4-unit apartment complex located in the Cass City Public School District. Units 2, 3, and 4 are currently occupied at $650/month, providing immediate rental income. The property sits on a corner lot with approximately 132 feet of frontage along Houghton St and ~132 feet along West St. Open grassy space and mature trees surround the building, offering a pleasant setting. This is an attractive value-add or cash-flow investment opportunity in a stable rental market. There are 5 electric meters and 2 gas meters. Inquire now - buyer to verify all information and conduct own Due Diligence.

FOR SALE DETAILS

PRICE

$125,000 USD

PRICE/SF

$42 USD /SF

# OF UNITS

4

PRICE/UNIT

$31,250

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Houghton Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,397 SF

ZONING

-

APN/PARCEL ID

035-500-108-0500-00

ASK ABOUT THIS PROPERTY

Jurate ZilcinskieneLife Plus Investments LlcMore Info
702-917-1314

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Jurate ZilcinskieneLife Plus Investments LlcMore Info
702-917-1314

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