Breckenridge, MI 48615,508 Wright Street
Breckenridge, MI 48615,508 Wright Street
Breckenridge, MI 48615,508 Wright Street
15
$315,000
$299,000
5.4%
Est.Price: ?

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500 SqFt

508 Wright Street Breckenridge, MI 48615

Est. payment /mo
SOLD DATE : 05/29/2025

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Key Details

Sold Price $315,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 500 sqft

Price per Sqft $630

Subdivision Mi

MLS Listing ID 80056053

Sold Date 05/29/25

Style 2 Story

Year Built 1973

Lot Size 0.830 Acres

Acres 0.83

Lot Dimensions 165 x 208

Property Sub-Type Multi-Family

Property Description

8-Unit Apartment Complex – Breckenridge, MI This charming 8-unit apartment complex in Breckenridge features a unique Bavarian Alpine-style design that gives the property great curb appeal. Each unit is a cozy 1 bed, 1 bath with a kitchen, living space, baseboard heat, and a window air-conditioner. The building is fully rented, with each unit bringing in an average of $540 per month. The total gross monthly rent is $4,325, making it a strong income-producing property. Tenants each have their own electric meter and pay their own electric bills. The owner is responsible for water, sewer, dumpster service, lawn care, and snow removal. There’s also a coin-operated laundry room on-site, providing additional income. The property includes a paved parking lot for tenant convenience and an extra storage shed for maintenance supplies or owner use. This is a great investment opportunity in a peaceful, small-town setting with consistent rental income and value-added features.

Location

State MI

County Gratiot

Area Wheeler Twp (29016)

Zoning Multi-Family

Interior

Heating Baseboard

Cooling Window Unit(s)

Appliance Range/Oven, Refrigerator

Exterior

Exterior Feature Wood

Building

Story 2 Story

Foundation Slab

Water Public Water

Structure Type Wood

Schools

School District Breckenridge Comm Schools

Others

Ownership Private

Energy Description Electric

Acceptable Financing Rural Development

Listing Terms Rural Development

Financing Cash,Exchange/Trade

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MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Listed by 43 NORTH REALTY
Bought with 43 NORTH REALTY

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agent

Tracy Butcher

Associate Broker - Non-Principal | License ID: 6506049127

+1(810) 428-7092

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