$3,000,000
$3,250,000
7.7%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
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
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