1928 Lincoln Avenue

Saginaw, Michigan 48601

  • 2 Bed(s)
  • 1 Bath(s)
  • 872 Sqft
  • 0.15
    Acre(Lot)
$650,000

Description

Section 8 portfolio sale this portfolio includes 10 properties, all of which are rented to section 8 tenants except for one. the portfolio is being sold at a 16% cap rate, with a current monthly rental income of $9,128, collected on the first of every month. one property, located at 1823 stanley st., is still under renovation. upon completion, the rental income will increase to $10,128. all properties have signed leases and hap contracts with mshda or saginaw housing. additionally, all properties have been renovated to meet hud rental guidelines. please contact the agent for more information, including rent roll, p&l, leases, and hap contracts. note that the properties are not being sold individually; this is a portfolio sale of 10 houses. 1814 schaefer st., saginaw, mi 48602 1928 lincoln ave., saginaw, mi 48601 3104 roberts st., saginaw, mi 48601 905 pleasant st., saginaw, mi 48602 3220 roberts st., saginaw, mi 48601 1516 king st., saginaw, mi 48602 1521 fenton st., saginaw, mi 48601 611 s 24th st., saginaw, mi 48601 15 milan ct., saginaw, mi 48601 1823 stanley st., saginaw, mi 48602 (under renovation)

  • Property Type

    Residential

  • Subdivision

    Farrands Add

  • County

    Saginaw

  • Style

    Bungalow

  • AD ID

    46677892

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Property Details

  • Bedroom Information

    • Total Bedrooms : 2

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 1

    Room Information

    • Total Rooms: 3

    Heating & Cooling

    • Heating: Wall/Floor Furnace
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1914
    • Building Stories: 1 Story
    • Foundation/Basement: Basement
    • Architecture: Bungalow

    Exterior Features

    • Construction: Wood

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.15
    • Dimensions: 6524

    Property Information

    • SQ ft: 872
    • Subdivision: FARRANDS ADD
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $650,000

    Listing Information

    • Possession: At Close
    • Legal Description: PART OF LOTS 2 & 3,BLK.3, FARRANDS ADDITION DESCRIBED ASFOLLOWS.COMG.AT A POINT ON THE WLY.LINE OF LOT 3,10 FT.N.ELY. FROM

  • Tax Information

    • Annual Tax: $414
    • Parcel Number: 91100071000000

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: PART OF LOTS 2 & 3,BLK.3, FARRANDS ADDITION DESCRIBED ASFOLLOWS.COMG.AT A POINT ON THE WLY.LINE OF LOT 3,10 FT.N.ELY. FROM

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street
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BuyOwner last updated this listing 09/16/2024 @ 15:36

  • MLS: 612181714
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Home, with 2 bedrooms which is for sale, it has 872 sqft, 0 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Saginaw , in zip code 48601, this Saginaw County Home , it is in the FARRANDS ADD Subdivision, are nearby neighborhoods.