2342 Aurelius Road Holt, MI 48842 MLS# 20240081425 Pending
MLS# 20240081425
Pending

0 Bedrooms, 19 Full Baths, 0 Half Baths
View On Website
 Property Type Multifamily
 Listing Price $1,850,000
 Parcel # 33250514151003
 County Ingham
 Listing Date 10/28/2024
MLS Public Remarks  Sugar Pine Apartments is a stabilized, value-add 19 unit apartment building located in Holt, MI. The property consists of eighteen 1 bedroom apartments (800 square feet) one 3 bedroom unit (1,000 square feet) and 9 storage units. The property is 100% occupied grossing $17,295 per month. All 19 units are in one building - that was built in 1999. Each unit is equipped with a window air conditioning unit, along with baseboard heat. There are 28 parking spaces for the 19 units. The units are separately metered for electric which the tenant puts in their name. The heat is supplied through baseboard heat. The landlord pays for water, sewer and trash. Most properties in the area bill back for these utilities, so there is opportunity to increase value through collecting RUBS. The current owner has invested over $100,000 into the building this year including patching, sealing and striping the parking lot, 3 unit renovations, and exterior / common area CAPEX.
COMPANY INFORMATION 

Reinhart Realtors

Phone: 800-442-4404

[email protected]

LOCATION  
  • Township  Delhi Charter Twp
  • Directions  Holt
  • HOUSE DESCRIPTION  
  • Fin Below Grd SqFt  0
  • Fin Non Exposed SqFt  8,000
  • Total Fin SqFt  18,200
  • Price/SqFt  $102
  • Unfinished SqFt  0
  • Above Grade Finished SqFt  18,200
  • CDOM  42
  • Sub Property Type  Multifamily
  • Year Built  1999
  • Days on Market  42
  • ASSESSMENT/SCHOOLS   
  • Association Fee  $
  • Land Assessment  $0
  • Improvements  $1,850,000
  • Net Taxes  $21,912
  • Acreage  1.49
  • Taxes  $0
  • Tax Year  0
  • Summer Taxes  $4,043
  • School District  Holt
  • Winter Taxes  $17,869
  • LOT DESCRIPTION  
  • Zoning  Multi-Family
  • Lower Level Square Footage  0
  • Waterview  N
  • Number of Units  19
  • Waterfront  N
  • For Lease/Rent  N
  • Est. Total Acres  1.49
  • Source for Est. Total Acres  
  • Lot Dimensions  175.80 x 336.00
  • WaterFrontage   0
  • INTERIOR FEATURES  
  • Heating  Baseboard, Natural Gas
  • Water  Public (Municipal)
  • Basement  Y
  • Heating  Baseboard, Natural Gas
  • EXTERIOR FEATURES  
  • Garage  0.0
  • Architecture  2 Story
  • Basement details  Finished
  • Sewer  Public Sewer (Sewer-Sanitary)
  • Home Style  Contemporary
  • Possession  At Close
  • Exterior Materials  Brick



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