9295 Cedar Creek CT Swartz Creek, MI 48473
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Coming Soon
Purchase Type For Rent
Square Footage 20,190 sqft
Subdivision Cedar Creek Town Homes Condo
MLS Listing ID 20261068063
Style Bungalow
Full Baths 30
Half Baths 15
Year Built 2010
Lot Size 1.500 Acres
Acres 1.5
Property Sub-Type MultiFamily
Property Description
Built in 2010, each unit features 3 bedrooms, 2.1 bathrooms, a private full basement, second-floor laundry, primary suite with private bath, and attached 2.5-car garage. Tenants enjoy the space and privacy of a single-family home while ownership benefits from the efficiency of a multifamily investment.
Each condo is individually parceled and separately metered, all utilities are paid by the tenants, and there is currently no HOA, allowing for minimal owner involvement.
Current rents max out around $1,450 per month, while estimated market rents are approximately $1,750, creating up to $300 per unit in monthly upside, or $54,000 annually across the portfolio. With newer construction and minimal updating needed, investors can focus on increasing revenue rather than major renovations.
Operate the portfolio as a traditional multifamily community, increase NOI through rent growth, or take advantage of the individually parceled units for future resale or equity strategies.
15 units. 45 bedrooms. Private basements. 15 attached 2.5-car garages. Individually parceled. Individually metered. Tenant-paid utilities. No HOA. Newer construction. Significant rental upside.
A unique opportunity to acquire a low-maintenance asset with strong cash flow potential, built-in appreciation, and multiple paths to create value.
Location
State MI
County Genesee
Area Area08162Swartzcreek
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Laundry InUnit
Exterior
Parking Features Garage
Pool None
View Y/N No
Garage true
Building
Foundation Basement, Poured, SumpPump
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Swartz Creek
Others
Senior Community false
Acceptable Financing Cash, Conventional, WarrantyDeed
Listing Terms Cash, Conventional, WarrantyDeed
Special Listing Condition CorporateRelocation, ShortSaleNo
Pets Allowed Yes
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