MI > Dewitt > Mi
Dewitt, MI 48820 9559,710 S Dewitt Drive
Dewitt, MI 48820 9559,710 S Dewitt Drive
Dewitt, MI 48820 9559,710 S Dewitt Drive
Dewitt, MI 48820 9559,710 S Dewitt Drive
Dewitt, MI 48820 9559,710 S Dewitt Drive
Dewitt, MI 48820 9559,710 S Dewitt Drive
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Place Perfect Realty

Place Perfect Realty

+1(920) 956-9061
$ 2,100,000
Est. payment | /mo

16 Baths

12,668 SqFt

Save
$ 2,100,000
Est. payment | /mo
Save

16 Baths

12,668 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,668 sqft

Price per Sqft $165

Subdivision Mi

MLS Listing ID 60925431

Style 1 Story

Full Baths 16

Year Built 1972

Annual Tax Amount $18,211

Lot Size 1.660 Acres

Acres 1.66

Lot Dimensions 197X368

Property Sub-Type Multi-Family

Property Description

Discover a rare opportunity to own a fully-leased 16-unit multifamily property in the heart of desirable DeWitt, Michigan. This well-maintained apartment building offers all 2-bedroom units, delivering stable cash flow and long-term upside. Each unit features spacious layouts, updated kitchens, and on-site parking. Tenants enjoy quiet, suburban living with quick access to Lansing, major employers, shopping, and top-rated schools. The property highlights include: Room for rental increases approx. $100/unit. Ability to increase CAM, Utility, and Administrative fees. All tenants on 12 month leases, historically 100% occupied and $0 in delinquency. Historically a very high performing property, the owner is only selling to do a 1031 exchange into a larger asset. Professionally managed by Pro Asset Management. Washer and dryer income is collected through WASH for extra income. The OM, rent roll, and T12 can be obtained with a signed NDA. No seller financing or land contract will be offered. Selling for a 1031 exchange. No showings without an accepted LOI.

Location

State MI

County Clinton

Area Saint Johns (19025)

Zoning Multi-Family

Interior

Heating Electric Heat, Forced Air

Fireplace No

Exterior

Exterior Feature Wood

Amenities Available Laundry Facility, Private Entry

Building

Story 1 Story

Foundation Slab

Water Public Water

Structure Type Wood

Schools

School District Dewitt Public Schools

Others

Ownership Private

Energy Description Electric

Financing Cash,Conventional,Exchange/Trade

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by The Stephan Group
agent-avatar

"Professional service to our clients & customers is our #1 priority. With offices in Marinette,  Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI, 54143-1713, USA

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710 S Dewitt Drive