48770 Shelby Road Utica, MI 48317 MLS# 20230044117 Sold
MLS# 20230044117
Sold
  

$3,250,000
View On Website
 Property Type Multifamily
 Parcel # 0728126003
 County Macomb
 Sold Price $3,000,000
 Sold Date 10/20/2023
 Close Date 10/20/2023 12:00 AM
MLS Public Remarks  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.
http://www.www.johnstoneandjohnstone.com.com/20230044117
AGENT/COMPANY DETAILS  
Customer Care
Phone: 248-304-6700
[email protected]
www.www.johnstoneandjohnstone.com.com/20230044117
Customer Care
LOCATION  
  • Township  Shelby Twp
  • Directions  South of 22 Mile Rd and East of Shelby Rd
  • HOUSE DESCRIPTION  
  • Fin Below Grd SqFt  0
  • Total Fin SqFt  21,965
  • Price/SqFt  $148
  • Unfinished SqFt  0
  • Above Grade Finished SqFt  21,965
  • CDOM  53
  • Sub Property Type  Multifamily
  • Year Built  1974
  • Days on Market  53
  • ASSESSMENT/SCHOOLS   
  • Land Assessment  -
  • Improvements  $3250000
  • Net Taxes  $29364
  • Concessions  $56000.0000
  • Acreage  2.8
  • Taxes  -
  • Tax Year  -
  • Summer Taxes  $16398
  • School District  Utica
  • Winter Taxes  $12966
  • LOT DESCRIPTION  
  • Lower Level Square Footage  0
  • Waterview  N
  • Number of Units  28
  • Waterfront  N
  • For Lease/Rent  N
  • Est. Total Acres  2.8
  • Lot Dimensions  336x362
  • WaterFrontage   0
  • INTERIOR FEATURES  
  • Heating  Baseboard, Electric, Forced Air, Natural Gas
  • Cooling  Central Air, Wall Unit(s)
  • Water  Public (Municipal)
  • Basement  N
  • Heating  Baseboard, Electric, Forced Air, Natural Gas
  • EXTERIOR FEATURES  
  • Garage  0.0
  • Architecture  1 Story
  • Sewer  Septic Tank (Existing)
  • Parking Desc  Assigned Spaces
  • Exterior Features  Private Entry, Satellite Dish
  • Home Style  Ranch
  • Possession  At Close
  • Exterior Materials  Brick
  • DETAILS  
  • Status Change Date  10/20/2023
  • Listing Date  06/05/2023
  • Internet/IDX  Y
  • Pending Date  07/28/2023
  • Named Exceptions  N
  • LISTING OFFICE DETAILS  
  • Listing Office   Hartford Real Estate Of Michigan
  • Office Address   35615 Grand River
  • Listing Number   20230044117



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