UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 12,668 sqft
Price per Sqft $165
Subdivision Assrs Plat-South City Of Dewitt
MLS Listing ID 20251021528
Style Quadruplex
Bedrooms 16
Full Baths 16
Year Built 1972
Annual Tax Amount $18,211
Lot Size 1.660 Acres
Acres 1.66
Lot Dimensions 197X368
Property Sub-Type Quadruplex
Source Realcomp II Ltd
Property Description
Each unit features spacious layouts, updated kitchens, and on-site parking. Tenants enjoy quiet, suburban living with quick access to Lansing, major employers, shopping, and top-rated schools.
The property highlights include:
Room for rental increases approx. $100/unit.
Ability to increase CAM, Utility, and Administrative fees.
All tenants on 12 month leases, historically 100% occupied and $0 in delinquency.
Historically a very high performing property, the owner is only selling to do a 1031 exchange into a larger asset.
Professionally managed by Pro Asset Management.
Washer and dryer income is collected through WASH for extra income.
The OM, rent roll, and T12 can be obtained with a signed NDA.
No seller financing or land contract will be offered.
Selling for a 1031 exchange.
No showings without an accepted LOI.
Location
State MI
County Clinton
Area St. Johns
Zoning Multi-Family
Direction S. Dewitt and Cedarwood
Interior
Interior Features Laundry Facility, Programmable Thermostat
Heating Forced Air
Fireplace no
Heat Source Electric
Laundry 1
Exterior
Exterior Feature Private Entry
Porch Patio
Road Frontage Paved
Garage no
Private Pool No
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Quadruplex
Level or Stories 1 Story
Structure Type Wood
Schools
School District Dewitt
Others
Pets Allowed Yes
Tax ID 20011000009100
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional, Trade/Exchange
Listing Terms Cash, Conventional, Trade/Exchange
Financing Cash,Conventional,Trade/Exchange
