548 Shattuck RdSaginaw, MI 48604

Property Details for 548 Shattuck Rd

Year built

1977

Lot size

1.46 AC

Property size (Sq ft)

19,928 SF

Property type

Commercial real estate

APN

11-12-4-12-3003-000

APU

11124123003000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,904,779

  Hospitality

  $3,576,756

  Educational

  $2,975,820

  Medical

  $3,078,162

  Retail

  $4,629,052

Location Insight

City

Saginaw

County

Saginaw

State

Michigan

Latitude

43.4513

Longitude

-83.9481

CBSA code

40980

CBSA name

SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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