$2,080,000
$2,500,000
16.8%For more information regarding the value of a property, please contact us for a free consultation.
40 Baths
26,007 SqFt
SOLD DATE : 06/01/2025
Key Details
Sold Price $2,080,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 26,007 sqft
Price per Sqft $79
Subdivision Mi
MLS Listing ID 60372096
Sold Date 06/01/25
Style 2 Story
Full Baths 40
Year Built 1966
Annual Tax Amount $22,248
Lot Size 0.750 Acres
Acres 0.75
Lot Dimensions 300.00 x 108.80
Property Sub-Type Multi-Family
Property Description
This sale includes multiple properties 40 units in total. 121 N Woodbridge, 24 unit multifamily apartment building (8-2BR units, 16-1 BR units), 2129 Weiss St quadplex (4-2 BR Units), and 2215 Weiss St three quadplex buildings (12-2BR units). Only 2.5% vacancy maintained over the last several years leading up to fall 2024. One unit in the quadplex (2129 Weiss) had a kitchen fire in the spring of 2024. Owner is negotiable on the repairs as it is currently under rehab, it has passed electrical inspections. Current rents are well below market rents! Excluding the current vacancy loss & excess fire damage repairs in 2024, this property is being offered a 7.3% Cap. Woodbridge units have water included with rent, electric is sub metered. Weiss quadplex units have water and heat included with rent, electric is sub metered. No showings without an accepted LOI & Proof of Funds.
Location
State MI
County Saginaw
Area Saginaw (73039)
Zoning Multi-Family
Rooms
Basement Block
Interior
Heating Radiant
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Saginaw City School District
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Land Contract
Listing Terms Land Contract
Financing Cash
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