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Richard Stewart

richard@2693457000.com +1(269) 217-0411

$ 2,600,000

Est. payment | -/mo

45 Baths

1.5 Acres Lot

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$ 2,600,000

Est. payment | -/mo

Save Virtual Tour

45 Baths

1.5 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Coming Soon

Purchase Type For Sale

Municipality Swartz Creek City

Subdivision Swartz Creek City

MLS Listing ID 20261068063

HOA Y/N true

Year Built 2010

Annual Tax Amount $59,790

Lot Size 1.500 Acres

Acres 1.5

Lot Dimensions 200x326.7

Source Realcomp

Property Description

Rare opportunity to acquire a 15-unit, newer-construction multifamily portfolio in Swartz Creek offering strong in-place income, significant rental upside, and multiple exit strategies.Built in 2010, each unit features 3 bedrooms, 2.1 bathrooms, a private full basement, second-floor laundry, primary suite with private bath, and attached 2.5-car garage. Tenants enjoy the space and privacy of a single-family home while ownership benefits from the efficiency of a multifamily investment.Each condo is individually parceled and separately metered, all utilities are paid by the tenants, and there is currently no HOA, allowing for minimal owner involvement.Current rents max out around $1,450 per month, while estimated market rents are approximately $1,750, creating up to $300 per unit in monthly upside, or $54,000 annually across the portfolio. With newer construction and minimal updating needed, investors can focus on increasing revenue rather than major renovations.Operate the portfolio as a traditional multifamily community, increase NOI through rent growth, or take advantage of the individually parceled units for future resale or equity strategies.15 units. 45 bedrooms. Private basements. 15 attached 2.5-car garages. Individually parceled. Individually metered. Tenant-paid utilities. No HOA. Newer construction. Significant rental upside.A unique opportunity to acquire a low-maintenance asset with strong cash flow potential, built-in appreciation, and multiple paths to create value.

Location

State MI

County Genesee

Zoning Residential

Direction Turn into the subdivision from Miller Rd

Interior

Heating Forced Air

Cooling Central Air

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Water Public

Structure Type Aluminum Siding,Brick

Schools

School District Swartz Creek

Others

Tax ID 5803627015

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition {"Other":true}

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Listed by Tarar Homes

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 217-0411

richard@2693457000.com

828 Portage St, Kalamazoo, MI 49001, United States

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Licensing & Affiliation Disclosure: > Richard Stewart is the Principal Broker of REO Specialists, L.L.C. and an Associate Broker with Real Broker LLC. All real estate brokerage activities are conducted in compliance with Michigan licensing laws. Richard Stewart’s Equity Recovery Program is a professional real estate service and does not provide legal or tax advice. Homeowners should consult with legal counsel regarding their specific rights during the Michigan foreclosure redemption period.

9295 Cedar Creek Court Swartz Creek, MI 48473