1 of 17
Tools
Size
3
Bedrooms
1
Full Bath
1,152 Sq Ft.
interior
0.17 Acres
Exterior
Financial
$650,000
Change Currency
$564
Price Per Sqft
Listing Details
Single Family
Property type
1887
Year Built
12718577
Web Id
50152577
MLS ID
42
Days Posted
Description
1516 King,
Saginaw,
MI
48602
Saginaw, MI 48602
Section 8 Portfolio Sale This portfolio includes 10 properties, all of which are rented to Section 8 tenants except for one. The portfolio is being sold at a 16% cap rate, with a current monthly rental income of $9,128, collected on the first of every month. One property, located at 1823 Stanley St., is still under renovation. Upon completion, the rental income will increase to $10,128. All properties have signed leases and HAP contracts with MSHDA or Saginaw Housing. Additionally, all properties have been renovated to meet HUD rental guidelines. Please contact the agent for more information, including rent roll, P&L, leases, and HAP contracts. Note that the properties are not being sold individually; this is a portfolio sale of 10 houses. 1814 Schaefer St., Saginaw, MI 48602 1928 Lincoln Ave., Saginaw, MI 48601 3104 Roberts St., Saginaw, MI 48601 905 Pleasant St., Saginaw, MI 48602 3220 Roberts St., Saginaw, MI 48601 1516 King St., Saginaw, MI 48602 1521 Fenton St., Saginaw, MI 48601 611 S 24th St., Saginaw, MI 48601 15 Milan Ct., Saginaw, MI 48601 1823 Stanley St., Saginaw, MI 48602 (under renovation)
This is an Active listing.
Broker Office Phone Number: 586-949-0200
Copyright © 2024Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 586-949-0200
Copyright © 2024Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Price History
date | price | variance | type |
---|---|---|---|
8/19/2024 | $650,000 | - | Listed |
Listing By: KW Platinum via Data Source: Multiple Listing Service MiRealSource
listing agent: Javonny Vega