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$ 724,900
Est. payment /mo
Active
548 Shattuck Road Carrollton, MI 48604
8 Baths
1.47 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Carrollton Twp
Subdivision Carrollton Twp
MLS Listing ID 50134192
Year Built 1972
Lot Size 1.470 Acres
Acres 1.47
Lot Dimensions 232x295
Source MiRealSource
Property Description
Fully stabilized mixed-use investment offering strong in-place cash flow, zero vacancy risk in core components, and immediate upside through commercial lease-up. NOI: $115,860 Gross Income: $154,560 Expenses: $38,700 Cap Rate: ~14.5% Residential 8 Units – 100% occupied with stable income. Warehouse 8,000 SF – 100% occupied. Below-market rents. Commercial Space 3,000+ SF vacant. Value-add lease-up opportunity. Permitted Uses: Retail store, convenience store, grocery store, restaurant, café, coffee shop, bakery, barbershop, hair salon, nail salon, spa, massage therapy, medical office, dental office, chiropractic clinic, physical therapy clinic, pharmacy, insurance office, real estate office, law office, accounting office, professional office, coworking space, daycare center, tutoring center, fitness studio, gym, yoga studio, martial arts, ETC. Additional Income Coin-operated washer & dryer generating approximately $200/month ($2,400/year). Upside Potential: Lease commercial space, increase warehouse rents, unit conversions. $40K+ additional income potential. High cash-flow asset with immediate income and strong upside. Priced for fast sale.
Location
State MI
County Saginaw
Interior
Heating Forced Air
Exterior
View Y/N No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by The Miller Group
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