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Country Squire Apartments 1850 Squire Dr

44 Unit Apartment Building $1,920,000 ($43,636/Unit) Saginaw, MI 48601

Executive Summary

This owner has several other value-add multifamily properties in the Saginaw, Detroit, and Flint area markets. Contact us for more details on this property plus our other available properties.
Country Squire Apartments presents a prime multifamily investment opportunity (1830-1835 & 1850-1855 Squire Dr.). Located on over 3.08 acres, the property comprises four garden-style buildings built in 1972, featuring 32 two-bedroom units with patios or balconies. With tenant-paid electric baseboard heat and sleeve A/C, and a currently occupied - historically ranging from 95-100% - this property boasts a strong track record. Its prime location near the intersection of King Rd. and Williamson Rd. adds to its appeal, with healthcare, education, shopping, parks, and the library just minutes away. Well-maintained and offering a range of amenities, including ample parking, tenant storage, dishwashers, and on-site laundry, Country Squire represents a turn-key investment opportunity for multifamily investors.

Property Facts

Price $1,920,000
Price Per Unit $43,636
Sale Type Investment
No. Units 44
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 3.08 AC
Building Size 30,570 SF
No. Stories 2
Year Built 1972
Parking Ratio 1.67/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 - 650
2+1 43 - 660 - 750

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09115064016001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$413,800

zoning

Zoning Code R-3 (Residential Commercial Zoning)
R-3 (Residential Commercial Zoning)
  • Listing ID: 33039480

  • Date on Market: 9/3/2024

  • Last Updated:

  • Address: 1850 Squire Dr, Saginaw, MI 48601

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