31
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$799,900
Est. payment /mo
15 Beds
16 Baths
11,840 SqFt
Active
548 Shattuck RD Carrollton Twp, MI 48604
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 11,840 sqft
Price per Sqft $67
Subdivision Ely Para
MLS Listing ID 61050134192
Bedrooms 15
Full Baths 8
Half Baths 8
Year Built 1972
Lot Size 1.470 Acres
Acres 1.47
Property Sub-Type MultiFamily
Property Description
Fully stabilized mixed-use investment offering strong in-place cash flow, zero vacancy risk in core components, and immediate upside through commercial lease-up. NOI: $115,860 Gross Income: $154,560 Expenses: $38,700 Cap Rate: ~14.5% Residential 8 Units "“ 100% occupied with stable income. Warehouse 8,000 SF "“ 100% occupied. Below-market rents. Commercial Space 3,000+ SF vacant. Value-add lease-up opportunity. Permitted Uses: Retail store, convenience store, grocery store, restaurant, café, coffee shop, bakery, barbershop, hair salon, nail salon, spa, massage therapy, medical office, dental office, chiropractic clinic, physical therapy clinic, pharmacy, insurance office, real estate office, law office, accounting office, professional office, coworking space, daycare center, tutoring center, fitness studio, gym, yoga studio, martial arts, ETC. Additional Income Coin-operated washer & dryer generating approximately $200/month ($2,400/year). Upside Potential: Lease commercial space, increase warehouse rents, unit conversions. $40K+ additional income potential. High cash-flow asset with immediate income and strong upside. Priced for fast sale.
Location
State MI
County Saginaw
Area Area73081Carrolltontwp
Interior
Heating Forced Air, Natural Gas, Separate Meters
Fireplace No
Exterior
Parking Features SixorMoreCarGarage, Detached
Garage Spaces 10.0
View Y/N No
Building
Foundation Basement
Sewer Shared Septic
Water Public
New Construction No
Schools
School District Carrollton
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition CorporateRelocation, ShortSaleNo
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Listed by Paul Burback of The Miller Group
NEARBY SCHOOL & BUSINESS
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