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4224

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Investment Property For Sale By Owner

25 Unit Apartment Building, Mt. Pleasant, MI

6426 S. Mission St., Mt. Pleasant, Michigan 48858 United States

Description

25 one bedroom apartments in well built and maintained, 40 year old brick building. Property includes: 30 acres of woods/hunting property and a 10 year old, 30X50 insulated pole building with full bath. Monthly rents average about $13,000. Owner retiring. Property located in quiet country setting, just two miles South of CMU campus.

Price:	Contact For Price
Property Sub-Type:	Investment Property
Cap Rate:	9 %
Gross Rent Multplier:	8
Total Building Size:	9000 SF
No of Stories:	2
No of Parking Stalls:	40
Occupancy:	95 %
Listing ID:	4224