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912 N State Rd

11 Unit Apartment Building $800,000 ($72,727/Unit) 9% Cap Rate Davison, MI 48423

Apartment Buildings Michigan Davison 912 N State Rd, Davison, MI 48423

Investment Highlights

  • 11 Units
  • Low rents in place with value add opportunity
  • Over $87,000/ year in rents
  • Well Maintained Building
  • Convenient location, great for commuters

Executive Summary

11 Unit, well maintained, multi-family building. Large, shared parking lot with tidy common way hallway. Low rents currently with opportunity for value add and increased cap rate!
Currently receiving over $87,000/ year in rents!

Data Room Click Here to Access

Property Facts

Price $800,000 Property Subtype Apartment
Price Per Unit $72,727 Lot Size 0.79 AC
Sale Type Investment Building Size 4,992 SF
Cap Rate 9% Average Occupancy 100%
No. Units 11 No. Stories 2
Property Type Multifamily Year Built 1970
Price $800,000
Price Per Unit $72,727
Sale Type Investment
Cap Rate 9%
No. Units 11
Property Type Multifamily
Property Subtype Apartment
Lot Size 0.79 AC
Building Size 4,992 SF
Average Occupancy 100%
No. Stories 2
Year Built 1970
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PROPERTY TAXES

Parcel Number 52-03-300-014 Improvements Assessment $0
Land Assessment $0 Total Assessment $115,100

PROPERTY TAXES

Parcel Number
52-03-300-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$115,100

zoning

Zoning Code Multi-Family
Multi-Family
(734) 223-1015

Contact

  • Listing ID: 34411693

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 912 N State Rd, Davison, MI 48423

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912 N State Rd
(734) 223-1015 x

912 N State Rd

Larry Gotcher

(734) 223-1015

(734) 223-1015

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