Bought with Micah Kemler • 43 NORTH REALTY
$315,000
$299,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
508 Wright Street Breckenridge, MI 48615
5 Baths
1,898 SqFt
Key Details
Sold Price $315,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,898 sqft
Price per Sqft $165
Subdivision Mi
MLS Listing ID 1932717
Sold Date 05/29/25
Lot Size 0.830 Acres
Acres 0.83
Lot Dimensions 165 x 208
Property Sub-Type Multi-Family
Property Description
8-Unit Apartment Complex – Breckenridge, MI This charming 8-unit apartment complex in Breckenridge features a unique Bavarian Alpine-style design that gives the property great curb appeal. Each unit is a cozy 1 bed, 1 bath with a kitchen, living space, baseboard heat, and a window air-conditioner. The building is fully rented, with each unit bringing in an average of $540 per month. The total gross monthly rent is $4,325, making it a strong income-producing property. Tenants each have their own electric meter and pay their own electric bills. The owner is responsible for water, sewer, dumpster service, lawn care, and snow removal. There's also a coin-operated laundry room on-site, providing additional income. The property includes a paved parking lot for tenant convenience and an extra storage shed for maintenance supplies or owner use. This is a great investment opportunity in a peaceful, small-town setting with consistent rental income and value-added features.
Location
State MI
County Gratiot
Rooms
Basement Slab
Interior
Interior Features None
Heating Baseboard, Window Air Conditioner
Cooling Baseboard, Window Air Conditioner
Exterior
Exterior Feature Porch
Roof Type Asphalt
Road Frontage Blacktop
Building
Water Municipal
Structure Type Wood
Schools
School District Breckenridge Community Schools
Others
Tax ID 42-150-014-00
Ownership Private Owner
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