44000-44100 Michigan Ave, Canton, MI 48188

12 Unit Apartment Building | $1,500,000 ($125,000/Unit) | Canton, MI 48188

Asking Price $1,500,000

Property Type: Multifamily
Square Feet: 7,889 SF

Listing Contacts

Andrew Bonam

Verified Profile

Dan Stewart, CCIM

Verified Profile

Property Info

Property Overview

SVN | Stewart Commercial Group is pleased to present this value-add multifamily property assemblage in Canton, Michigan providing current, stable income coupled with exception future redevelopment potential. The offering includes 2 six-unit buildings, a duplex, a single family home, and a commercial building current leased to Canton Glass. The current rental rates are significantly below market providing opportunity to increase income by increasing rates. All leases with the exception of one (9/15/24 expiration) are month-to-month providing the next owner the immediate opportunity to move rents closer to market. The two six-unit buildings are low maintenance buildings featuring brick exterior, private entrances with no shared common interior, and single story construction.

Property Details

Class: C
Year Built: 1947
Stories: 1
Lot Size (sq. ft): 113,256 SF
Units: 12

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