$650,000 for Sale
611 s 24th street, saginaw, MI 48601
936 Sqft | 0.23 Acres |
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Property Description
Section 8 Portfolio Sale This portfolio includes 10 properties, all of which are rented to Section 8 tenants except for one. The portfolio is being sold at a 16% cap rate, with a current monthly rental income of $9,128, collected on the first of every month. One property, located at 1823 Stanley St., is still under renovation. Upon completion, the rental income will increase to $10,128. All properties have signed leases and HAP contracts with MSHDA or Saginaw Housing. Additionally, all properties have been renovated to meet HUD rental guidelines. Please contact the agent for more information, including rent roll, P&L, leases, and HAP contracts. Note that the properties are not being sold individually; this is a portfolio sale of 10 houses. 1814 Schaefer St., Saginaw, MI 48602 1928 Lincoln Ave., Saginaw, MI 48601 3104 Roberts St., Saginaw, MI 48601 905 Pleasant St., Saginaw, MI 48602 3220 Roberts St., Saginaw, MI 48601 1516 King St., Saginaw, MI 48602 1521 Fenton St., Saginaw, MI 48601 611 S 24th St., Saginaw, MI 48601 15 Milan Ct., Saginaw, MI 48601 1823 Stanley St., Saginaw, MI 48602 (under renovation)
General Information
Sale Price: $650,000
Price/SqFt: $694
Status: Active
MLS#: mrsmi58050152581
Originating MLS: MiRealSource
City: saginaw
Post Office: saginaw
Schools: saginaw city
County: Saginaw
Subdivision: blueridge
Acres: 0.23
Lot Dimensions: 10019
Bedrooms:
Bathrooms: (1 full)
House Size: 936 sq.ft.
Acreage: 0.23 est.
Year Built: 1955
Property Type: Single Family
Style: Ranch
Features & Room Sizes
Bedroom 1:
Bedroom 2 :
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Garage: 1 Car
Garage Description: Attached
Construction: Vinyl
Exterior: Vinyl
Basement: No
Foundation : Crawl
Heating: Wall/Floor Furnace
Fuel: Natural Gas
Waste: Public Sewer (Sewer-Sanitary),Sewer at Street
Watersource: Public (Municipal)
Tax, Fees & Legal
Est. Summer Taxes: $518
Est. Winter Taxes: $526
HOA fees: 1
Legal Description: N 24 FT OF LOT 408 LOT 409 LOT 410 EXC N 32 FT BLUERIDGE SEC 20 T12N R5E
IDX provided courtesy of Realcomp II Ltd. via Crown Real Estate Group and MiRealSource, ©2024 Realcomp II Ltd. Shareholders
Listing By: Javonny Vega of KW Platinum, Phone: (586) 949-0200