46465 Willis Road Sumpter Twp, MI 48111

Multi-Family Residence

Beds

12 Baths

... Bed/Bath

Sq. Ft.

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 7/1/2024 8:18 PM

Listing Details

This charming, fully occupied Sumpter Township 12-unit property is comprised of two duplexes, one triplex, one quad and a stand alone single family all on one parcel. There is also a land space with a garage on the back of the parcel perfect for renting to trailers, boats and other storage seekers. ...The properties have been well maintained over the years with historically terrific occupancy. Appraised previously at a 6.75% cap rate. Utility meters are separated by unit, and with an already outstanding NOI, there is significant value-add opportunity, too, in both raising rents and renting the land and garage storage spaces. Moreover, this can be done with low capital on the front end as the seller is in the process of passing all city inspections, which will be completed by closing. Huge bonus there as with the property being as turnkey as can be expected for a MF property, post-close, your only job is to maximize the NOI and valuation of the property with efficient operations. Owner statement, rent roll, and walk through videos of recently occupied unit available upon request. Continue reading

Source MLS

Real Comp

Originating MLS

Realcomp II Ltd

MLS#

20240041672

Property Type

Multi-Family

Bathrooms

12 Full

Year Built

1946