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Realtyflo Inc

team@dtrdetroit.com +1(313) 466-7253

$ 3,199,999

Est. payment -/mo

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Price Dropped by $300K

301-335 Horatio Street Charlotte, MI 48813

220,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 220,000 sqft

Price per Sqft $14

Subdivision Lawrence'S Sub

MLS Listing ID 20250020177

Year Built 2004

Annual Tax Amount $24,857

Lot Size 4.050 Acres

Acres 4.05

Lot Dimensions 630.00 x 280.00

Property Sub-Type Real Estate Only

Source Realcomp II Ltd

Property Description

GREAT INVESTMENT OPPORTUNITY! THIS VERY CLEAN AND UP-TO-CODE 17-UNIT APARTMENT BUILDING IS 100% OCCUPIED AND HAS NEVER HAD ANY ISSUES WITH TENANTS. IT GENERATES ALMOST 15K PER MONTH, WITH EVERY TENANT PAYING THEIR OWN HEAT AND ELECTRIC. RENOVATED IN 2004, THE PROPERTY CONSISTS OF (11) 2-BEDROOM UNITS, (5) 1-BEDROOM UNITS, AND (1) STUDIO APARTMENT, ALL DESIGNED WITH UNIQUE FEATURES—NONE ARE DUPLICATES. THE BUILDING HAS BEEN MAINTAINED AT A HIGH LEVEL AND HAS HAD A CONSISTENT WAITLIST FOR VACANCIES, INDICATING STRONG DEMAND. ADDITIONALLY, THERE IS A REDEVELOPMENT OPPORTUNITY TO EXPAND THE PROPERTY BY ADDING 100 MORE UNITS, WITH THE PROPOSED PROJECT VALUED AT $8.9 MILLION. THE UNIVERSITY OF MICHIGAN RECENTLY OPENED A CAMPUS NEARBY! THE SHYFT GROUP HAS ALSO OPENED A SITE IN THE AREA CREATING NEW JOB OPPORTUNITIES. THE DOWNTOWN AREA IS THRIVING WITH NEW BUSINESSES, CREATING A WELCOMING ATMOSPHERE FOR RESIDENTS. THE SELLER WILL PROVIDE THE CERTIFICATE OF OCCUPANCY AND ANNUAL OPERATING DATA UPON RECEIPT OF AN ACCEPTABLE OFFER. ACCEPTED LOI AND PROOF OF FUNDS ARE REQUIRED PRIOR TO SHOWING THE PROPERTY. ALL DATA IS APPROXIMATE, AND THE BUYER'S AGENT SHOULD VERIFY ALL INFORMATION.

Location

State MI

County Eaton

Area Charlotte

Zoning Commercial

Direction S HORATIO/E SEMINARY

Exterior

Road Frontage Paved

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 2 Story

Structure Type Brick

Schools

School District Charlotte

Others

Tax ID 20006260019500

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service

Listed by Bilal A Hamie of RE/MAX Team 2000

Realtyflo Inc

Brokerage | License ID: 6505386963

+1(313) 466-7253

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