7 Unit Mixed Use Property

Multi-Family for Sale
Also listed as Office
Catylist Listing ID: 30263261
Property Subtypes: Mid-Rise, Mixed Use
Number of Units: 7 Units
Building Size (RSF): 6,216 SF
Gross Land Area: 8,712 SF
Sale Price: $270,000
Unit Price: $38,571.43 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/14/2018

Overview / Comments

Mixed use property consisting of 6 multifamily units and 1 storage/office unit in downtown Lapeer . Great value-add project with tremendous upside. Several property improvements currently on going.

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Lapeer
Tax ID/APN: L20-18-404-040-00
Percent Occupied: 85%
Total Number of Buildings: 1
Property Condition: Fair
Number of Stories: 3
Year Built: 1970
Parking Type: Surface
Laundry: Shared

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,168 18,355 26,094
Median Age: 35.14 39.47 41.17
Households: 2,120 7,003 9,889


Photograph of Listing Agent

Alec Olson

Berkshire Hathaway HSMIRE Commercial
CPIX Member
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