Shelby Twp, MI 48317,48770 Shelby Road

$3,000,000

Est. payment /mo

$3,250,000

7.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

48770 Shelby Road Shelby Twp, MI 48317

28 Beds

29 Baths

21,965 SqFt

SOLD DATE : 10/20/2023

Key Details

Sold Price $3,000,000

Property Type Multi-Family

Sub Type Ranch

Listing Status Sold

Purchase Type For Sale

Square Footage 21,965 sqft

Price per Sqft $136

MLS Listing ID 20230044117

Sold Date 10/20/23

Style Ranch

Bedrooms 28

Full Baths 29

Originating Board Realcomp II Ltd

Year Built 1974

Annual Tax Amount $29,364

Lot Size 2.800 Acres

Acres 2.8

Lot Dimensions 336x362

Property Sub-Type Ranch

Property Description

This is a 28-unit apartment complex on 2.8 acres at a very desirable location, with 3 brick ranch-style buildings. The property consists of 1 three-bedroom, 5 two-bedroom, and 22 one-bedroom units, approximately 955 sq ft, 905 sq ft, and 730 sq ft in area, respectively. A laundry and storage facility are available in the center of each apartment building. The tenants are responsible for their own utilities and routine maintenance. All rents include water. Each unit has an individual entrance. 20 units have their own porch with a dividing privacy wall, providing space for a BBQ grill, chairs, and tables for outside enjoyment. All units have just one floor with no steps to climb. 20 units have their own parking pads next to the back door. Due to the long and wide green space between buildings, there is a feeling of openness and a calm, peaceful setting. The property is in very good condition, with every unit updated or renovated in the last two years. The property is fully occupied, with a waiting list of potential tenants. The growing senior citizen population is creating more and more demand for the amenities provided by this property, creating a steady potential for increased rents. Please do not approach tenants with questions. Contact the listing agent for the video with a virtual tour of the property and additional information.

Location

State MI

County Macomb

Area Shelby Twp

Zoning Multi-Family

Direction South of 22 Mile Rd and East of Shelby Rd

Interior

Interior Features Cable Available, High Spd Internet Avail, Laundry Facility

Hot Water Natural Gas

Heating Baseboard, Forced Air

Cooling Central Air, Wall Unit(s)

Fireplace no

Heat Source Electric, Natural Gas

Laundry 1

Exterior

Exterior Feature Private Entry, Satellite Dish

Garage Spaces 58.0

Roof Type Asphalt

Porch Patio

Road Frontage Private

Garage no

Building

Foundation Slab

Sewer Septic Tank (Existing)

Water Public (Municipal)

Architectural Style Ranch

Level or Stories 1 Story

Structure Type Brick

Schools

School District Utica

Others

Pets Allowed No

Tax ID 0728126003

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Rebuilt Year 2021

Listing Terms Cash, Conventional

Financing Cash,Conventional

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Realcomp MLS
Listed by Mark Tlok of Century 21 Hartford-Farmington
Bought with Unidentified Office

GET MORE INFORMATION

Name
Phone*
Message