7
See all 7 photos
$2,100,000
Est. payment /mo
16 Baths
12,668 SqFt
New
710 S Dewitt Drive Dewitt, MI 48820 9559
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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
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by The Stephan Group