Michigan Multi-Family For Sale

Attention investors: Here is a great opportunity to start or expand your portfolio! 9,500 sq ft building with main-floor business/commercial space plus seven updated 2-bedroom apartments, all with new appliances in 2019. Other features include newer windows, eves, and coin-operated washer and dryer. EXCELLENT rental history, too!

Attention investors! These two 4-plexes have excellent rental history with positive cash flow -- need we say more? Both buildings consist of four 2 bedroom, 1 bath units that are individually metered. Also features newer roofs, coin-operated laundry, and paved on-site parking.

This property is located just steps from the Central University of Michigan Campus, Business school, Law school, S. University, & relaxing at the Arb. Don't miss out on the opportunity to own this very desirable student housing investment on the University of Michigan campus. Exceptional campus area location with long-standing, stable rental history. The property is fully occupied for the current school year and the same tenants have renewed for the 2021/2022 school year. Each unit contains 4 bedrooms, for a total of 8 bedrooms. This beautiful property has been fully renovated and well maintained boasting original woodwork and wood floors throughout. Recent improvements include; a new roof and gutter system (2018), all new furnishings for every room (2018 - 2020), a new hot water heater (2019), two (one per unit) new HVAC systems (furnaces, a/c units, ductwork) (2015), new dishwasher (2019), driveway retaining wall (2018), and a new sump pump (2020). The University of Michigan is consistently ranked as one of the top public universities in the United States. UM students come from all 50 states and 139 countries. 2020/2021 Rent is $78,720 and increases to $80,640 for the 2021/2022 school year (14.2 GRM). Proof of funds or pre-approved financing will be required for showings. In consideration of the tenant's schedules and safety, showings will be conducted once per week, call the office for the coming week's schedule.

This assisted living facility, The Young Home for the Elderly, has 18 units and is licensed for 20 beds. The license is State of Michigan, Adult Foster Care (AFC). Residential suite for resident manager on 2nd floor. Has 12 residents at this time. Leasing is improving as the vaccine becomes more widespread.

20 Unit apartment; 10 large studio units and 10 large 1-bedroom units. 2-story with basement. Fully renovated with separate meters. 9 units have been rented as of May 2020. Buyer pays broker.

Located 8 minutes west of downtown Traverse City. Now offering a duplex investment property. This opportunity is just 8 minutes west of downtown Traverse City. This duplex is just close enough to Traverse to be convenient, but far enough to be quiet and secluded. Both units are two bedroom, one bath, aprox. 968 sqft. each side - total of 1,936 sqft. Units comes with storage, in-unit washer & dryer, appliances.

213.44 +/- acres of vacant land off of South Airport Road in Traverse City. This parcel would be a great spot for multi-family development, townhomes, senior living and/or single family residences. The property is ideally located directly behind Sam?s Club and near the bustling retail, restaurants, grocery and businesses along US-31 in the heart of Garfield Township.

70281 McVicar Rd, Romeo Parcel: 14-01-35-180-029 | Front Building 12548 South Lane, Romeo Parcel: 14-01-35-180-008 | Middle Building 12395 South Lane, Romeo Parcel: 14-01-35-180-005 | Back Building South Lane Vacant, Romeo Parcel; 14-01-35-180-028 | Large Vacant Land South Lane Vacant, Romeo Parcel: 14-01-35-179-003 | Smaller Vacant Land South Lane R-O-W, Romeo Parcel: 14-01-35-180-027 | Right-of-Way Multifamily Portfolio & Vacant Land | Value-Add Opportunity | McVicar Rd & South Lane Rd 70281 McVicar Rd, Romeo Parcel: 14-01-35-180-029 | Front Building | 0.383 ACRES 12548 South Lane, Romeo Parcel: 14-01-35-180-008 | Middle Building | 0.250 ACRES 12395 South Lane, Romeo Parcel: 14-01-35-180-005 | Back Building | 0.366 ACRES South Lane Vacant, Romeo Parcel; 14-01-35-180-028 | Large Vacant Land | 0.951 ACRES South Lane Vacant, Romeo Parcel: 14-01-35-179-003 | Smaller Vacant Land | 0.362 ACRES South Lane R-O-W, Romeo Parcel: 14-01-35-180-027 | Right-of-Way | 0.715 ACRES NOTES: High Household Incomes, Located Short Distance of Historic Downtown Romeo. The multifamily buildings all been completely renovated with all new kitchens, baths, flooring, plumbing, roofs, etc. Currently is 100% full occupancy. Cash flow gross $84,010.00 with a net amount of $71,000.00 annually, estimates. Great opportunity to own this income producing property on South Lane at McVicar Road in upper income Bruce Township, Michigan. Property includes two apartment buildings and a duplex totaling 11 rental units, all with high occupancy. Also included are two vacant lots - 55,358 SF for future expansion of up to 12 additional apartments, townhouses or multiplex configurations. Site is located a short distance north of historic downtown Romeo.

Near SWC of 8 Mile and Woodward Excellent Development Site near SWC of 8 Mile and Woodward. 1.12 acre of land zoned R5 Medium Density Residential with a 9500 SF commercial building.

Close proximity to interstate/highway access, major employers such as General Motors, Genysys Health System, University of Michigan-Flint and Meijer and nationally-ranked higher-educational institutions. Immediately north of a desirable retail amenity base of more than two million square feet with retailers such as Bed, Bath & Beyond, Express, Pier 1 Imports, Macy’s and Ulta. Exceptionally-well maintained property by long-term substantial reinvestment completed including replacement of all furnaces, roofs, windows, siding and rebuilt balconies.

Immediate access to major thoroughfares and proximity to medical facilities, shopping, dining and entertainment options, and a large employment base. Monroe is a haven for outdoor enthusiasts with more than 35 community parks and the 1,300-acre Sterling State Park, located on the shores of Brest Bay. 162 unit renovated apartment community

A former rectory that is a prime property for a new use. This site would be an excellent property for either a Senior Assisted Living or Permanent Supportive Housing. The building is 5,871 SF with an abundant number of bathrooms, two outside enclosed court yards, a full basement, 4 car heated garage and plenty parking spaces. The property includes 2.9 acres and 410 feet of frontage on 10 Mile Rd. The property is large enough that a new development could potentially house 20-40 additional residential units.

CASH/CONV

Attention all investors looking for the opportunity to purchase real estate in an ideal location just outside of downtown Grand Rapids. Located near College Avenue, this is a great location in proximity to the Medical Mile and downtown Grand Rapids. Just across the street you can find some great restaurants and many walkable amenities in the area. Off street parking and easy highway access along with location make this a great rental unit. This 8 unit, 2 building property is a rare find in Grand Rapids, don't miss your chance.

Currently vacant 4-story, 32 unit apartment complex with basement. 8 units per floor. (8) 1 bedroom and (24) 2 bedroom units. Ideal redevelopment opportunity. Separate meters at one time.

Fully leased 12 unit apartment complex in Traverse City. Ready access to the TART Trail and downtown TC. 12 Unit apartment complex within the city limits of Traverse City. Partially refurbished and near the TART Trail and downtown Traverse City. Immediate access to public schools (TCAPS) and home delivery of essentials. Fully leased.

Located on E 9 Mile Road East of Greater Mack Avenue PRIME parcel for Redevelopment - City of St. Clair Shores identified this parcel as a Top 5 development parcel in the City. Property can be renovated for uses such as an ALF / Memory Care or redeveloped into a mixed-use or townhouse style development.

RM3 High Density, 93 Units (58 one bdrm, 35 2 bdrm), 2 Full Service Elevators. Approximately 3 Acres, All Utilities to Site Complete Approvals, Complete Architectural & Engineering Plans First Floor Cafeteria and Gathering Room

Strong residential area populated mainly with single family homes

Meadowview Apartments are conveniently located between Lansing and Flint, just south of M-21 and north of M-71

Prime location within blocks of the Woodward Q-Line, Whole Foods, The District, DMC and more. BID DEADLINE JUNE 29th, 2017, 5PM EST - Rare Opportunity to purchase 2 apartment building within blocks of The District, Q-Line Rail, Theatre District, DMC and More. The properties are currently in good repair. A new owner can reap huge upside in rents and value after they update units. The units are right sized for what the current emerging tenant pool is looking for. Smart updates to fixtures and finishes will be richly rewarded. Both properties feature parking lots with approximately 30 +/- spaces. May be able to restripe for more spaces.

The building is located in the heart of downtown South Lyon with great visibility.

The East Bay Village Apartments consist of 208 garden-style units within two-story buildings located on a total of 15.48 acres. The complex is comprised of 56 (27 percent) one- bedroom, one-bathroom units totaling 770 square feet and 88 (42 percent) two-bedroom, one-bathroom apartment units consisting of 920 square feet. The complex also has 44 (21 percent) two-bedroom, 1.5-bathroom townhome units totaling 1,020 square feet and 20 (10 percent) three-bedroom, 1.5-bathroom units totaling 1,100 square feet. The property is currently 94 percent occupied. The tenants are responsible for all utilities (tenant is to reimburse landlord for trash, water/ sewer, and gas). The current ownership is not offering any concessions at this time.

3,488 SF 2 income producing apartments on 2nd floor Since 1959, the locally famous Bode's Corn Beef House has served customers and is a favorite among the locals! Great opportunity awaits and includes all FF&E, Business and real estate! Located in the heart of Plymouth, the Bode's Corn Beed House is surrounded by a rich retail and residential population, the location is a primer breakfast, lunch and dinner setting. The second floor includes two income producing apartments! The restaurant sits across from Plymouth Arts & Recreation Complex and is immediately northeast of a planned, 5 story mix-use, development that includes first floor street retail, office space and residential. The City hosts a myriad of conventions, and festival season begins in January with the Plymouth Ice Festival. Throughout the summer months every Wednesday, Thursday and Friday the public join Music in the park Concerts take place at Kellogg Park, featuring a variety of musical acts and genres for free. Every Saturday morning beginning May and running through October, locals meet at the Farmer's Market located at the Plymouth Gathering

Busy road in growing Wadhams business district. Cash or Commercial Mortgage

1325 N Main St located in Adrian, MI is a 13,200 square foot Apartments - Multifamily, Apartment Garden (1 - 4 stories) property.The property is being offered at the following list price: $1,975,000 at a Cap Rate of 6.58% with an estimated NOI of 129,955.Offered by Patrick Hoffman.

10290 48th Ave located in Allendale, MI is a 6 square foot Apartments - Multifamily, Apartment Garden (1 - 4 stories) property.The property is being offered at the following list price: $600,000.Offered by Greg DeJong.

The City of Battle Creek is a beautiful, diverse and dynamic community. Rich in history and tradition, this city known as "Cereal City" was first discovered by surveyors in 1827. Located in Michigan, in northwest Calhoun County, at the confluence of the Kalamazoo and Battle Creek rivers. It is the principal city of the Battle Creek, Michigan Metropolitan Statistical Area (MSA), which encompasses all of Calhoun County. As of the 2010 census, the city had a total population of 52,347, while the MSA's population was 136,146. Calhoun County comprises the Battle Creek, MI Metropolitan Statistical Area and is included in the Kalamazoo-Battle Creek-Portage, MI Combined Statistical Area. According to the City's 2011 Comprehensive Annual Financial Report, the largest employers in the city are: (Employer, #of employees) Kellogg (2,500), Kraft Foods (2,500), Denso, Hart-Dole-Inouye Federal Center, Battle Creek VA Medical Center, and the Michigan Air National Guard. Battle Creek has branch campus for two of the state universities, Western Michigan and Central Michigan University. The median household income is $36,800; the median home value, $81,100. The area has an 5.1% unemployment rate. Beautiful 3-star park next to a forest preserve, minutes from shopping, major area employers, and schools. Park includes a few duplex/quadplex apartment units and an office building. There is a great up side with filling vacant sites. Local programs to help finance new homes are readily available and there are no rent control measures. Owner has owned Oak Forest for many years and is selling so that they might be more strategic with their overall MHP portfolio. The management, oversight, and maintenance has been, and continues to be, excellent. The collections strong and residents have been screened. The new owner is getting a good property with no collection or resident problems. There are ten park owned homes (9-occupied, 1-vacant). There is $277,000 in effective gross lot rent collected (annually), this does not include income from home rentals or sales. Streets are in average condition and are asphalt. City Water and City Sewer, which is submetered and billed back to residents. Tenant owned homes are mostly older single sections.

Galesburg is a city in Kalamazoo County in Michigan. The population was 2,009 at the 2010 census. Galesburg is located along the north side of the Kalamazoo River. The city is situated on M-96 and is just north of I-94 (with exits due south of the city's west side and about one mile to the east. Kalamazoo is about ten miles to the west and Battle Creek is about ten miles to the east. For statistical purposes, the Census Bureau has defined Greater Galesburg as a census-designated place consisting of the urbanized area outside the city's municipal boundaries. The Kalamazoo–Battle Creek–Portage Combined Statistical Area ties for 3rd largest CSA in the U.S. state of Michigan. As of the 2010 census, the CSA had a population of 524,030. The CSA combines the two population centers of Kalamazoo and Battle Creek. It includes the two counties of the Kalamazoo–Portage Metropolitan Statistical Area plus one metropolitan area, Battle Creek in Calhoun County and one micropolitan area, Sturgis in St. Joseph County. Nice park in Kalamazoo-Battle Creek MSA; 15 to 20 minutes to either metro. Great location for commuters. Great opportunity to fill sites and increase upside. Great opportunity to build wealth by filling sites. Park is two hours from several manufactured home plants, resulting in lower transportation costs on new homes. Additionally, the park is within 15 miles of three colleges with a student population over 30,000. The area has a low crime rate and unemployment around 3.6%. Median Household income is $36,343. Apartments vacancy is very low with average rents from $553 (studio) to $1,114 (3-bedroom). The population has increased 8% since 2010. Economy is diverse with manufacturing, retail, hospitality, medical, professional, administrative, and waste management services, all being key employment centers.

Located near a great retail corridor along Grand River blvd Quiet neighborhood NAI Farbman is pleased to present a pair of multifamily properties in Detroit’s Russel Wood’s neighborhood. Two buildings just one block apart and in close proximity to beautifully maintained public parks, the Grand River retail corridor, and easy access to I-96. Together, the buildings comprise a total of 18, 1-bedroom and 2-bedroom units spanning nearly 12,000 sq. ft. across the two buildings. Typically 100% occupied, these properties present a tremendous opportunity for investors looking for stabilized assets with significant cash returns in place.

The city is a major port on the Detroit River and the Detroit Metropolitan Airport is among the most important hubs in the United States. The City of Detroit anchors the second-largest economic region in the Midwest, behind Chicago, and the thirteenth-largest in the United States. Several major companies are based in the city including three Fortune 500 companies. The most heavily representative sectors are automotive manufacturing, finance, technology, and health care. Major companies in the city include General Motors, Quicken Loans, Ally Financial and Little Caesars. In the 2010s, several initiatives were taken by Detroit’s citizens and new inhabitants to improve the cityscape by renovating and revitalizing neighborhoods. Downtown Detroit has held an increased role as a cultural destination in the 21st century, with the restoration of several historic theatres and entertainment venues, high-rise renovations, new sports stadiums and a riverfront revitalization project. NNN Investment Advisors is pleased to present the exclusive listing for this 44-Unit Rental Portfolio in Detroit, Michigan. The portfolio consists of 14 three-bedroom homes, 17 two-bedroom homes, and a 10 unit apartment featuring all 1 bedroom units. The portfolio offers an investor immediate cash flow in the Detroit market. Each property has been renovated, compliance certificates issued, and quality tenants placed. Rental rates throughout the portfolio are 17% below market rates, which are continuing to climb in this submarket and will continue to bringing increased cash flow to investors bottom lines over the years. Detroit is home to a plethora of economic variables such as real estate, finance, information technology, higher education and research, healthcare and biomedical, manufacturing and industry, trade, transportation, tourism, retail, and media. Making up a work force of 2.6 million to support 347,000 businesses, including the surround Detroit metro areas.