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$ 1,985,000
Est. payment | /mo
22 Baths
16,500 SqFt
$ 1,985,000
Est. payment | /mo
22 Baths
16,500 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,500 sqft
Price per Sqft $120
Subdivision Mi
MLS Listing ID 60404174
Style 2 Story
Full Baths 22
Year Built 1971
Annual Tax Amount $16,775
Lot Size 3.430 Acres
Acres 3.43
Lot Dimensions 285X525
Property Sub-Type Multi-Family
Property Description
Hidden Valley Apartments consist of 22 units nestled in Davisburg, a town bordering Clarkston, MI. The property consists of 22 two bedroom one bath apartments, 750 square feet each. The property is currently 100% occupied grossing over $22,000 per month in gross revenue. There are three buildings for the 22 units on the property - all built in 1971. The property is on a private septic and sewer system - that is maintained by the current owner. This reduces the water burden cost on the tenant, as well as the landlord. The units are equipped with hot water baseboard heat, and tenants are allowed to bring an AC unit into their apartment. The units are individually metered for electric (tenant paid) and there is natural gas that is paid by the landlord. There is ample parking for the 22 units - the property sits on 3.4 acres.
Location
State MI
County Oakland
Area Springfield Twp (63071)
Zoning Multi-Family
Interior
Heating Baseboard, Hot Water
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Slab
Water Private Well
Structure Type Brick
Schools
School District Clarkston Comm School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Greater Development LLC
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Christopher Waring
REALTOR® | Lic# 6501384396