Discover a rare opportunity to own a fully-leased 16-unit multifamily property in the heart of desirable DeWitt, Michigan. This well-maintained apartment building offers all 2-bedroom units, delivering stable cash flow and long-term upside.
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.
For sale
Street View
$2,100,000
710 S Dewitt Dr, Dewitt, MI 48820
32beds
12,668sqft
Est.:
Multi Family
Built in 1972
-- sqft lot
$1,931,200 Zestimate®
$166/sqft
$-- HOA
What's special
- 2 days
- on Zillow |
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