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Multifamily

Saginaw Area Single Family Portfolio

2135 N Clinton St, Saginaw, MI 48602

Listing Price: $750,000

Cap Rate
7.30%
Number of Units
15
Occupancy
95.0%
Price/Unit
$50,000

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of a single family housing Portfolio located in the neighboring cities of Saginaw and Midland. This unique portfolio offers an opportunity to invest in a diverse array of thirteen single family properties. The bed bath count consists of , four are four-bedroom homes, five are three-bedroom homes, two are one two-bedroom homes, and there are one duplex and one triplex with unit breakdowns in the offering summary. Multiple properties have newly updated appliances, new roofs, and new water heaters. Tenants pay all utilities at the majority of the properties. The properties are boiler heated, or forced air depending on the property. There are currently no vacant units and many of the properties have long standing tenant relationships. All of the properties offer below market rents to their tenants and a new owner would certainly have the ability to generate a substantial return simply bringing rents to market. The seller is open to seller financing with the right terms. We invite you today to consider this single family portfolio with great upside potential.

Investment Highlights

  • Below Market Rents
  • Duplex and Triplex
  • Downtown Locations

Exclusively Listed By

Multifamily

Saginaw Area Single Family Portfolio

Listing Price: $750,000

Cap Rate
7.30%
Number of Units
15
Occupancy
95.0%
Price/Unit
$50,000

Investment Highlights

  • Below Market Rents
  • Duplex and Triplex
  • Downtown Locations

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of a single family housing Portfolio located in the neighboring cities of Saginaw and Midland. This unique portfolio offers an opportunity to invest in a diverse array of thirteen single family properties. The bed bath count consists of , four are four-bedroom homes, five are three-bedroom homes, two are one two-bedroom homes, and there are one duplex and one triplex with unit breakdowns in the offering summary. Multiple properties have newly updated appliances, new roofs, and new water heaters. Tenants pay all utilities at the majority of the properties. The properties are boiler heated, or forced air depending on the property. There are currently no vacant units and many of the properties have long standing tenant relationships. All of the properties offer below market rents to their tenants and a new owner would certainly have the ability to generate a substantial return simply bringing rents to market. The seller is open to seller financing with the right terms. We invite you today to consider this single family portfolio with great upside potential.

Exclusively Listed By

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