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508 Wright Street Breckenridge, MI 48615
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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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Bought with 43 NORTH REALTY