2342 Aurelius Road

Holt, Michigan 48842

  • 21 Bed(s)
  • 19 Bath(s)
  • 18,200 Sqft
  • 1.49
    Acres(Lot)
$1,850,000

Description

Sugar pine apartments is a stabilized, value-add 19 unit apartment building located in holt, mi. the property consists of eighteen 1 bedroom apartments (800 square feet) one 3 bedroom unit (1,000 square feet) and 9 storage units. the property is 100% occupied grossing $17,295 per month.
all 19 units are in one building - that was built in 1999. each unit is equipped with a window air conditioning unit, along with baseboard heat. there are 28 parking spaces for the 19 units. the units are separately metered for electric which the tenant puts in their name. the heat is supplied through baseboard heat. the landlord pays for water, sewer and trash. most properties in the area bill back for these utilities, so there is opportunity to increase value through collecting rubs. the current owner has invested over $100,000 into the building this year including patching, sealing and striping the parking lot, 3 unit renovations, and exterior / common area capex.

  • Property Type

    Multifamily

  • County

    Ingham

  • Style

    Contemporary

  • AD ID

    47460019

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Property Details

  • Bathroom Information

    • Total Baths: 19
    • Full Baths: 19

    Interior Features

    • Roof : Asphalt
    • Basement Description: Finished

    Heating & Cooling

    • Heating: Baseboard
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1999
    • Building Stories: 2 Story
    • Total Units: 19
    • Roof: Asphalt
    • Foundation/Basement: Basement
    • Architecture: Contemporary

    Exterior Features

    • Construction: Brick

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 1.49
    • Dimensions: 175.80 x 336.00

    Property Information

    • SQ ft: 18200
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $1,850,000

    Listing Information

    • Possession: At Close
    • Legal Description: (D 14-25) S 1/2 OF PCL DESC AS: BEG AT PT ON W LN 970.5 FT N OF W 1/4 POST SEC 14, TH N ON SEC LN 351.6 FT, TH E 369 FT, TH S 351.6 FT, TH W 369 FT TO POB, SEC 14, T3NR2W.

  • Tax Information

    • Annual Tax: $21,912
    • Parcel Number: 33250514151003

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: (D 14-25) S 1/2 OF PCL DESC AS: BEG AT PT ON W LN 970.5 FT N OF W 1/4 POST SEC 14, TH N ON SEC LN 351.6 FT, TH E 369 FT, TH S 351.6 FT, TH W 369 FT TO POB, SEC 14, T3NR2W.

  • Multi-Unit Information

    • Road Frontage: Paved

    Unit 1 Information

    • # of Bedrooms: 18

    Unit 3 Information

    • # of Bedrooms: 1

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 11/20/2024 @ 08:26

  • MLS: 618045258
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 21 bedrooms which is for sale, it has 18,200 sqft, 1 sized lot, and 0 parking. A comparable Multifamily, 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 Holt , in zip code 48842, this Ingham County Multifamily and are nearby neighborhoods.