MLS # 26038523 (Michigan Regional Information Center (MichRIC))

Turn-key 14-unit brick apartment building in Wyoming! Features 13 two-bedroom/one-bath units and 1 three-bedroom/one-bath unit, generating just under $18,000/month in rental income. Professionally managed with separately metered electric, updated and well-maintained units, newer boiler, 14 carports, 2-stall owner garage/storage, and coin-operated laundry. Strong cash flow, low-maintenance brick construction, and a history of quality upkeep make this an outstanding addition to any investment portfolio.
Source: SparkMLS
Currently offered at $1,850,000.
Property tax estimate: $16,017 per year ($1,335/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
S 175 FT OF N 208 FT OF THAT PART OF W 1/2 NE 1/4 SE 1/4 LYING E OF E LINE OF HAGUE AVE /50 FT WIDE/ EX E 108 FT * SEC 10 T6N R12W 0.73 A.
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Allison V Koetsier
Compass Realty Services
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1720 Porter Street SW, Wyoming, MI 49519
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Municipality
Wyoming
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