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Multifamily

Mackinaw Heights

2403 Mackinaw St, Saginaw, MI 48602

Listing Price: $2,000,000

Cap Rate
7.25%
Number of Units
32
GRM
6.69
Occupancy
97.0%
Price/Unit
$62,500
Price/Gross SF
$64.47
Gross SF
31,020

Investment Overview

Marcus & Millichap is proud to present the Mackinaw Heights Apartments located at 2403 Mackinaw St, Saginaw, Michigan 48602. The property has 32 units that consists of 20 one-bedroom one-bathroom units and 12 two-bedroom one-bathroom units. The community allows tenants larger than average unit square footage, a balcony or deck, additional storage for each unit, onsite and carports.

The Mackinaw Heights Apartments location offers walking distance to Woodley Leadership Academy, Willie Thompson Middle School, Chester Miller Elementary School, and a multitude of retail and eatery. Saginaw is in mid-Michigan, about 100 miles north of Detroit, 130 miles east of Grand Rapids, and 15 miles south of Saginaw Bay.

Investment Highlights

  • Below Market Rents
  • Above Average Unit Size
  • Additional Storage

Exclusively Listed By

Financing By

Multifamily

Mackinaw Heights

Listing Price: $2,000,000

Cap Rate
7.25%
Number of Units
32
GRM
6.69
Occupancy
97.0%
Price/Unit
$62,500
Price/Gross SF
$64.47
Gross SF
31,020

Investment Highlights

  • Below Market Rents
  • Above Average Unit Size
  • Additional Storage

Investment Overview

Marcus & Millichap is proud to present the Mackinaw Heights Apartments located at 2403 Mackinaw St, Saginaw, Michigan 48602. The property has 32 units that consists of 20 one-bedroom one-bathroom units and 12 two-bedroom one-bathroom units. The community allows tenants larger than average unit square footage, a balcony or deck, additional storage for each unit, onsite and carports. The Mackinaw Heights Apartments location offers walking distance to Woodley Leadership Academy, Willie Thompson Middle School, Chester Miller Elementary School, and a multitude of retail and eatery. Saginaw is in mid-Michigan, about 100 miles north of Detroit, 130 miles east of Grand Rapids, and 15 miles south of Saginaw Bay.

Exclusively Listed By

Financing By

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