48770 Shelby Rd, Shelby Charter Township, MI 48317
- $3,000,000
- 29
- BA
- 21,965
- SqFt
- Sold Price
- $3,000,000
- List Price
- $3,250,000
- Closing Date
- Oct 20, 2023
- MLS#
- 20230044117
- Status
- CLOSED
- Bathrooms
- 29
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.
Additional Information
- Year Built
- 1974
- Acres
- 2.80
- Style
- Ranch
- Acres
- 2.80
- School District
- Utica
- Interior Features
- High Speed Internet
- Cooling
- Central Air, Wall Units
- Heating
- Baseboard, Electric, Forced Air, Natural Gas
- Exterior Features
- Private Entrance
- Garage Description
- Assigned, Parking Lot, Parking Pad
Mortgage Calculator
Courtesy of Century 21 Hartford-Farmington 2484786000
Selling Office: Unidentified Office.
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