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Key Details
Sold Price $2,080,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Municipality Saginaw
Subdivision Saginaw
MLS Listing ID 20250011601
Sold Date 06/01/25
Year Built 1966
Annual Tax Amount $22,248
Lot Size 0.750 Acres
Acres 0.75
Lot Dimensions 300.00 x 108.80
Source Realcomp
Property Description
This sale includes multiple properties 40 units in total. 121 N Woodbridge, 24 unit multifamily apartment building (8-2BR units, 16-1 BR units), 2129 Weiss St quadplex (4-2 BR Units), and 2215 Weiss St three quadplex buildings (12-2BR units). Only 2.5% vacancy maintained over the last several years leading up to fall 2024. One unit in the quadplex (2129 Weiss) had a kitchen fire in the spring of 2024. Owner is negotiable on the repairs as it is currently under rehab, it has passed electrical inspections. Current rents are well below market rents! Excluding the current vacancy loss & excess fire damage repairs in 2024, this property is being offered a 7.3% Cap. Woodbridge units have water included with rent, electric is sub metered. Weiss quadplex units have water and heat included with rent, electric is sub metered. No showings without an accepted LOI & Proof of Funds.
Location
State MI
County Saginaw
Zoning Multi-Family
Direction At the corner of Woodbridge & Court next to the Quick Mart convenience store.
Interior
Heating Radiant
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Others
Tax ID 20019000000
Acceptable Financing Cash, Contract
Listing Terms Cash, Contract
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