For Sale
$789,900

548 Shattuck Rd Saginaw, MI 48604

8-Unit Multifamily, Renovated 2023

Overview

Added:
Dec 11, 2024
Days on market:
131
Exceptional investment opportunity in Saginaw, Michigan, presents this meticulously renovated 8-unit apartment building situated on a 1.47-acre lot at 548 Shattuck Rd, 48604. This two-story, multi-building complex totaling 11,840 square feet boasts a blend of spacious one, two, and three-bedroom apartments. Five units offer two bedrooms, one unit is a three-bedroom ADA-compliant apartment (currently under construction), and two units provide one bedroom each. The property underwent a complete renovation in 2023, featuring new metal siding and windows throughout. Inside, the apartments showcase modern updates and finishes. Beyond residential units, an additional 3,000 square feet offers versatile space, potentially suitable for office use or conversion into more apartments. A shared laundry area with coin-operated machines adds convenience for residents. Ample parking and storage are available on-site. Further enhancing the investment potential is a 7,200-square-foot warehouse currently leased to one tenant, providing supplemental rental income. The property is zoned RO-1 and was built in 1972. The asking price is $789,900, representing a price per unit of $98,737.50 and a price per square foot of $66.71. This property is owned by an LLC.

Highlights

  • $789,900 asking price for this eight-unit apartment building.
  • Multifamily property with 11,840 square feet, totaling 8 units.
  • $66.71 price per square foot and $98,737.50 price per unit.
  • Recently renovated in 2023, with new metal siding and windows.
  • Features five 2-bedroom units, one 3-bedroom ADA-compliant unit, and two 1-bedroom units.
  • Includes approximately 3,000 square feet of additional space suitable for office or residential conversion.

Property Details for 548 Shattuck Rd

Property type
Apartment buildings
Square Feet
11,840 SF
Year Built/Renovated
1972/2023
Buildings
2
Stories
2
Lot Size (sq. ft)
64,033 SF
Units
8

Location Insight

City
Saginaw
County
Saginaw
State
Michigan
Latitude
43.4510738
Longitude
-83.948047

FAQs

What type of property is this?
Apartment building - 8-Unit Multifamily, Renovated 2023
Where is the apartment building located?
The property is located at 548 Shattuck Rd Saginaw, MI.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: $789,900 asking price for this eight-unit apartment building.; Multifamily property with 11,840 square feet, totaling 8 units.; $66.71 price per square foot and $98,737.50 price per unit.
How can I contact the broker?
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548 Shattuck Rd
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